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The world's biggest premium carmaker, will achieve its 2005 target for holding pretax profit roughly steady, Chief Executive Helmut Panke told the WirtschaftsWoche magazine.

"I can reveal this much about earnings: We will look a lot better than most of our rivals and will achieve the targets we have communicated," he was quoted on Wednesday as saying.

BMW has given itself some wiggle room by adopting a rather loose formulation for what it means by roughly flat earnings.

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