Increased car demand spurs luxury car makers to increase manufacturing capacity In an effort to keep up with surging global demand for automobiles, the three biggest luxury car makers in the world, Bayerische Motoren Werke AG, Daimler AG and Audi AG, plan to expand their manufacturing capacity this year.

Owned by Volkswagen, Audi hopes to eclipse BMW as the globe's largest maker of premium vehicles within four years and plans to produce more vehicles than the 1.15 million it built in 2010; however, BMW and Mercedes-Benz also plan on ratcheting up their manufacturing facilities in the U.S. and Germany to maintain their market share in the increasingly lucrative luxury car market.

The three luxury car makers contend that the "momentum in luxury markets will continue this year and also in 2012," spurring them to "take steps to address this," analyst Bankhaus Metzler told Bloomberg. "The top three are poised for further growth."

Worldwide sales of luxury automobiles recovered last year as demand from China, the world's largest automobile market, and the U.S. increased. Audi plans to spend $15.7 billion through 2015 on the construction of new manufacturing facilities and new car models, while BMW has already spent 1.5 billion euros on upgrading its plants in Germany; Daimler is currently building an 800 million euro small car manufacturing center in Hungary. 
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