BMW AG says net profits for the first quarter fell 19.3% to E510 million ($584.6 million) due to weak demand and costs associated with the planned launch of several critical new models later in the year. Overall revenues for the German luxury auto maker dropped 4.6% to E10.3 billion ($11.8 billion), while revenues from automotive operations slipped 1.2% to E9.4 billion ($10.8 billion). Sales of BMW vehicles in Germany – where the economy remains stuck in neutral – declined ...
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