Joseph Szczesny:

statement,” he said.
 The other factor re-shaping the automotive industry is that the growth of the luxury segment continues to outpace the growth of the industry as a whole over the next five years, particularly in the U.S. “There are more and more rich people in the world every year,” he said.
 The luxury boom has been particularly helpful for European carmakers, particularly the “German 3,” IHS analysts said.