Bmw expects record sales for 2011

BMW AG forecasts that it will reach an "even greater improvement in pre-tax earnings than originally predicted" for this year, sticking to its pattern of only giving a clear target for its automotive segment’s operating margin. Specifically, the company is forecasting a rise of at least 10 percent in its sales this year
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cs4444 - 7/15/2011 9:36:34 AM

+4 Boost

Some highlights.

* Says now sees even greater improvement in pretax profit

* Core automotive EBIT margin above 10 percent in 2011

* 2011 sales up over 10 pct at more than 1.6 mln vehicles

* Shares clearly outperform German blue chips