Germany: BMW sees lower Q2 earnings but retains outlook

Although the BMW Group achieved new record figures for sales volume and revenue and the second-best operating profit in the company's history in Q2 and H1 2012, profitability (versus 2011) was undermined by higher personnel costs, increased expenditure on development and new technologies and intense market competition. Year-on-year earnings and margin Subscribe to Automotive World … Continued

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• August 1, 2012