UPDATE 1-BMW books hefty Q1 charge amid weak car market

Newswire

(Adds background, comments from Volkswagen and Daimler) HAMBURG, April 24 (Reuters) - BMW , the world's largest premium carmaker, will book a 236 million euro ($372 million) charge for the first quarter as the turbulence in credit markets forces it to mark down the value of used cars. "The financial crisis has become more severe of late. This has resulted in a drop in pre-owned car selling prices, particularly in North America, and consequently in a reduction of revenues that can be ...

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