BMW denies report over cut in 2005 profit target

Newswire

FRANKFURT, Oct 31 (Reuters) - BMW , the world's largest premium carmaker, denied on Monday a Dow Jones Newswires report that it expected 2005 earnings to be flat or down 10 percent on the year. "There is no change in our guidance. It remains the same -- profits will be roughly on the same level as last year," a spokesman said. Dow Jones had quoted Chief Executive Helmut Panke as saying that earnings this year would range between flat and down 10 percent in comments he had made with ...

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