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Losses? - Germany - BMW denies report of lowered 2005 profit target
FRANKFURT,Germany -Automotive News/Reuters -Oct 31, 2005: -- BMW reiterated its 2005 profit forecast on Monday after a report cited CEO Helmut Panke as lowering the outlook... Dow Jones Newswires had quoted Panke as saying that earnings this year would range between flat and down 10 percent, in comments it said he made to editors from the news agency and the Wall Street Journal on Friday, Oct. 28... "I could also imagine that the group is trying in a very indirect way to get the market to gradually become aware that earnings could come out at the lower end of expectations," he said...
posted by Unknown @ 3:45 PM
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