Automakers profit from luxury models, North America, China -McKinsey

April 1, 2015 2:09 PM

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Automakers profit from luxury models, North America, China -McKinsey

NEW YORK (Reuters) - The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued on Wednesday.

McKinsey’s findings dovetail with comments by industry executives this week at the annual New York Auto Show. They say they are bullish on the luxury business in China and on the U.S. market because of its strong demand for SUVs and trucks.

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