GERMANY: BMW Q3 profit rises 12%, investors fret over development costs - report
BMW increased third quarter profits by 12% in the third quarter as sales grew, outperforming analysts' expectations but dismaying some investors with development costs for new models, the Detroit News reported. The newspaper said BMW’s net profit rose to 433 million euros ($US433 million) from 388 million euros in the same period the year before as BMW bucked difficult conditions in the global car market.
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