BMW sees forex headwinds near 400 mln eur or less

Newswire

MUNICH, March 18 (Reuters) - BMW , the world's largest premium carmaker, expects adverse currency effects will approach 400 million euros ($630.7 million) or less this year after 517 million in 2007, Chief Financial Officer Michael Ganal said on Tuesday. Chief Executive Norbert Reithofer said he planned to gradually increase the group's dividend payout ratio in steps, after BMW hiked this to 22 percent of net profit for 2007 from 16 percent in the previous year. (Reporting by Irene ...

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