BMW says risk provisions might be released in 2008

Newswire

FRANKFURT, April 29 (Reuters) - BMW Chief Financial Officer Michael Ganal suggested risk provisions it had built to reflect a decline in used car prices could also be released should the market for formerly leased vehicles improve. In the first quarter, BMW had increased risk provisions by 236 million euros ($367.6 million) and had already booked in 2007 a charge in its accounts amounting to a further 529 million. He told a conference call with analysts on Tuesday the company's forecast ...

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