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BMW Q1 profit beats estimates

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European manufacturers are benefiting from a revival in local demand as well as a drop in the euro against the dollar.

Munich

BMW AG, the world's biggest maker of luxury cars, reported first-quarter profit that beat analysts' expectations as demand jumped in the US and Europe for models such as the X5 sport utility vehicle.

Earnings before interest and taxes increased 21 per cent from a year

sentifi.com

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