German carmaker BMW is on course for record profits in 2014 after announcing an 11% rise in its first quarter operating profit following strong sales in China and improvements in Europe.
After the Munich-based automotive manufacturer invested in its production and vehicle range, earnings rose to €1.46bn from €1.31bn in the same quarter last year. The confirmed figure was higher than the €1.35bn forecast among analysts surveyed by financial information provider FactSet, after BMW profited from what it said were “increasingly friendly market conditions” in the…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
