BMW expects record profit, car sales in 2004

Newswire

FRANKFURT, March 17 (Reuters) - German luxury carmaker BMW AG said on Wednesday it expects to top its record 3.3 billion euro ($4.07 billion) pre-tax profit from 2002 this year. "We're aiming for a new high level in earnings that will even exceed the record from 2002," BMW Chief Executive Helmut Panke said in Munich. Previously the company had only forecast 2004 profits to rise compared with 2003. BMW's pre-tax profit fell 2.8 percent to 3.2 billion euros last year, hurt by provisions of ...

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