Inchcape in the driver's seat
The international automotive services group has made a number of acquisitions in the country, bolstering its expansion into Eastern Europe.
These markets are important to the company, as vehicle sales in the new European member states are expected to grow strongly over the next five years.
In Poland the company has just opened two BMW/MINI dealerships, one each in Warsaw and Wrocław. These dealerships required an initial investment of zł.18 million.
By the end of 2005 these businesses should achieve sales of some 700 new and used cars. Inchcape said that it is well positioned to expand on this and is confident of developing its partnership with BMW.
Peter Johnson, group chief executive of Inchcape, says: "Our recent success in the Balkans demonstrates our ability to build scale businesses in emerging markets. We are delighted with our new venture in Poland and we will continue to expand in these markets."
(L.M., Reuters)
These markets are important to the company, as vehicle sales in the new European member states are expected to grow strongly over the next five years.
In Poland the company has just opened two BMW/MINI dealerships, one each in Warsaw and Wrocław. These dealerships required an initial investment of zł.18 million.
By the end of 2005 these businesses should achieve sales of some 700 new and used cars. Inchcape said that it is well positioned to expand on this and is confident of developing its partnership with BMW.
Peter Johnson, group chief executive of Inchcape, says: "Our recent success in the Balkans demonstrates our ability to build scale businesses in emerging markets. We are delighted with our new venture in Poland and we will continue to expand in these markets."
(L.M., Reuters)
