Borgward to enter German market

The Stuttgart-based automaker Borgward plans to enter the German market by the end of the year. “We are delighted that, following our successful start in China and other countries, we can now enter the German market,” said Ulrich Walker, CEO of Borgward Group AG, at the International Motor Show (IAA) in Frankfurt. The first units of the Borgward BX7 TS Limited Edition are expected to be delivered to customers in the fourth quarter. The limited Borgward BX7 TS edition and, later, the BX7 as well as the BX5 and the BX6 will initially be introduced in Europe with gasoline-powered engines. Later on, further models which are under development will follow. The automaker has achieved its business targets to date, including revenues of over Euro1.5 billion within the past twelve months.