Chinese sales boost BMW's profit

Description

BMW's fortunes are in the fast lane due to soaring demand in China. The company reported an 83 percent jump in quarterly operating profit. The biggest contributor to earnings was the 5 series, though the top-of-the-line 7 Series saloon was also popular with the Chinese where demand for luxury cars continues to rise. BMW is now third in terms of profitability in the global car industry behind Porsche and Ferrari. ... www.euronews.net

Keywords

euronews, corporate, Cars, Germany

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