By Norihiko Shirouzu
BEIJING—Mark McLarty last October bought a controlling stake in Northern China German Automotive, a Beijing-based dealer group that sells BMWs, Mini Coopers, and Volvos. The company, which has a dozen stores in northeastern China, booked revenue of nearly $1 billion last year and hopes to top $2 billion by next year.
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Photo: SZ 深圳 Shenzhen 福田 Futian 皇庭廣場 Wongtee Plaza 商場 Mall shop LYNK & Co car showroom January 2024 R12S 01 by KAGYAMIUW Hangmaou, CC0 1.0, via wikimedia