| BMW expects to sell more than 100,000 new | | | | agreement. |
| M3s, reported Automobilwoche, a German | | | | |
| industry paper. | | | | As part of the agreement, the distributor |
| | | | built a $3 million-worth custom-built |
| The snooty sales target for the latest | | | | showroom and service centre in Ho Chi Minh |
| generation E90-based M3 was revealed by the | | | | City. Euro Auto Director General Huynh Du An |
| German automaker's M division representative. | | | | said that his company would initially place |
| The M3 is a performance version of the | | | | orders to import between 200-300 of BMW's |
| popular compact 3-Series vehicles, which use | | | | latest models including the 320i, 325i, 530 |
| some of the BMW 325IS parts. In essence, M3 | | | | and the 730Li from now until the yearend. |
| models are based from the E30, E36, E46 and | | | | |
| the E92 models. The Bavarian automaker sold | | | | The automaker had previously entered Vietnam |
| 90,000 units of its previous M3, the E46 | | | | in 1994 with a joint venture with Hoa Binh |
| model, before the production of such was | | | | Automobile but pulled out of the market due |
| discontinued. | | | | to meager sales a year after the venture's |
| | | | inception. |
| Compared to the 18,000 sales of the original | | | | |
| E30, the M3 brand has evolved into a | | | | Earlier, the BMW Group Asia announced the |
| mass-market product in its own right. | | | | appointment of its new distributor in HCMC. |
| | | | The HCMC-based Euro Auto Corp. will import, |
| Separately, BMW announced Tuesday its firm | | | | sell and supply services for the Bavarian |
| commitment to the Vietnamese market by | | | | automaker's product lines. |
| officially appointing the Euro Auto Joint | | | | |
| Stock Company as its authorized importer and | | | | Huynh Du An, the general director of Euro |
| distributor in the country. | | | | Auto Corp, said that he had opened a boutique |
| | | | showroom at 165 Pasteur Street, District 3 to |
| The Bavarian automaker is entering Vietnam | | | | serve customers. These showrooms will be |
| for the second time after a halt of close to | | | | complemented by an interim service facility |
| two years in a new agreement that will also | | | | at 392 Kinh Duong Vuong Street, Binh Tan |
| see Euro Auto being charged with post-sale | | | | District. |
| services for all BMW product lines in the | | | | |
| territory. | | | | As reported, Euro Auto will offer retail and |
| | | | services experience in a newly constructed |
| Director General of BMW Asia Roland Krueger | | | | facility at Phu My Hung new urban area next |
| said that the company believed that the | | | | year. The company expects to sell 200 to 300 |
| Vietnamese market is quickly expanding and | | | | car units this year and 500 to 600 cars in |
| the group was eager to cement a foothold in | | | | 2008. |
| the country by striking a strategic partner | | | | |