German auto maker BMW AG BMW.XE +0.78% expects profit margins on the cars it sells in China to decline "gradually and very slowly" in coming years, according to a top executive, underscoring the growing challenges faced by global auto makers in what is widely expected to become the world's largest market for luxury cars.

General Motors is shuffling its design executives for the second time in a year, promoting the lead designer for the Holden brand in Australia to the top design job at Cadillac and Buick.

Gasgoo.com (Shanghai June 28) - BMW is taking strident measures to increase its market share in China, with the manufacturer recently announcing the introduction of the new 3 Series GT. In an interview with the National Business Daily earlier this week, Xu Zhijun, president of BMW China Trading, described the manufacturer's product and network development plans for the country. A translation of the interview follows: