It was announced by BMW just recently that instead of trying to make a profit this year, it will manage cost and cash flow instead. This announcement came after BMW released its profits for last year in the amount of 330 million Euros, which is just 10 percent of its profits in the preceding financial year.
BMW is hoping that sales will turn for the better next year. This expected turnaround will be partly brought about by the launching of several new BMW models. One such car will be the new and high-selling BMW 5-Series GT crossover which will make an appearance in the latter part of 2009 and should aid sales, and replacements for the 5- and 3-series will hit dealers in 2010 and 2011, correspondingly.
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