Sales rise as profits drop in Europe LONDON — Automakers in Europe are seeing lackluster first-half profits despite a 7.7% increase in car sales, due to competitive price reductions and incentives. Vehicle prices have been slashed by as much as 2.5%, some analysts say. DaimlerChrysler AG's second quarter profits fell 0.3%, blamed on high incentives in the U.S. and the investment to relaunch the Smart Car (see p.1). BMW AG's profits dropped from E261.3 million (US$275.1 million) to E191 ...
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