Tue, 13 Mar 2012 12:50:42 GMT
BMW expects to outperform last year's profit
BMW AG, the leading provider of luxury cars announced it prepares to outperform 2011 record profit this year citing accelerating demand for new 3-Series sedan. Company expects to surpass a pre-tax profit of EUR 7.38 billion (USD 9.72 billion). Economists questioned by Bloomberg predict a pre-tax profit to reach EUR 7.06 billion in 2012. Last year BMW delivered a total