Bmw Profits Hit As Strong Euro Drives Forward ; Automotive

Summary


The strong euro took a toll on second quarter pretax profits at BMW which fell by nearly 14 per cent, the Munich carmaker said yesterday .

The company, which makes Mini and Rolls-Royce cars in England, revealed group earnings of 1.065 billion euros (pounds 719 million) in April-July compared with 1.232 billion euros in the same period last year.

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Bmw Profits Hit As Strong Euro Drives Forward ; Automotive

But despite the fall, BMW said profits for 2007 as a whole remained on target to exceed last year's record of four billion euros (pounds 2.7 billion).

Separately it refused to comment on s...

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