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AUTOMAKERS NEWS * Germany
* BMW spending prompts first 2Q drop in 3 years
Munich,Germany -The Detroit News (USA) -August 2, 2012: -- BMW AG reported its first drop in quarterly operating profit in almost three years on increased spending on new models and pricing pressure... Second-quarter earnings before interest and taxes declined 19 percent to 2.27 billion euros ($2.79 billion), the Munich-based company said in a statement Wednesday. Operating profit last fell in the third quarter of 2009...Labels: automakers news worldwide
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