BMW expects to outperform last year's profit

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Source: Dukascopy Bank
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 of 1.67 million cars. 

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