UPDATE 2-BMW strikes optimistic note after strong '02 sales

Newswire

(Adds detail from shareholder letter, analyst comment) By Nick Tattersall FRANKFURT, Jan 30 (Reuters) - German carmaker BMW said on Thursday its revenues rose 10 percent in 2002 and sounded a note of cautious optimism for the current year amid uncertainty about the possible impact of a war in Iraq. Chief Executive Helmut Panke said in a letter to shareholders he expected the group would continue to perform successfully in 2003, although BMW did not see a dynamic upturn in the global ...

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