BMW's reports profit lift on strong SUV sales and improved margins

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Earnings/Financials,BMW

BMW's new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings. Oliver Zipse, who became CEO in August, said the German sportscar manufacturer is on track to meet full-year targets, unlike rivals such as Ford which have been forced to lower their profit forecasts due to slower sales in China. Sales of BMW's passenger cars rose 3.6%

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BMW's reports profit lift on strong SUV sales and improved margins originally appeared on Autoblog on Wed, 6 Nov 2019 08:33:00 EST. Please see our terms for use of feeds.

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