While the rest of the auto industry was reeling from a global economic decline in 2001, BMW AG reports record profits for the year. The German auto maker ends the fiscal year with profits of €3.2 billion ($2.8 billion), a €1.2 billion ($1 billion) increase over 2000’s €2.0 billion ($1.7 billion) profit. Revenues for the group were up 3.3% from year ago to €38.4 billion ($33.8 billion), while return on sales grew by 2.9 points to end at 8.4%. BMW’s automotive segment reports a 13.1% ...
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