Oreshkin predicted the disappearance of BMW and Mercedes
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Oreshkin: I won’t be surprised if in 10 years BMW and Mercedes will become history
Presidential aide Maxim Oreshkin, in an interview with Expert magazine, said that BMW and Mercedes could disappear.
He clarified that as brands they may remain, but most likely they will repeat the fate of Volvo, which was sold to China, and will cease to be European cars.
“At the moment we are talking a lot about how the Chinese auto industry is taking over the Russian market. I want to emphasize that this is happening not only in our country. Now China has become the number one exporter of cars in the world,” Oreshkin noted.
He added that now “European manufacturers do not have the market and the technology advantage that they had a few years ago.”
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