Thursday, May 3, 2007

BMW profit plunges 38 percent

BMW's 1Q profit plunges 38 percent (AP)

The company logo from a sign is reflected on the hood of an unsold 2007 6-series coupe at a BMW dealership in the south Denver suburb of Littleton, Colo., on Sunday, April 22, 2007. BMW Group said Tuesday, May 1, 2007 its April U.S. sales rose slightly, as a jump in demand for its passenger cars offset a decline in sales of sport utility and crossover vehicles. (AP Photo/David Zalubowski)AP - Luxury car maker BMW AG said Thursday its first-quarter profit dropped 38 percent as it spent more money on launching new models and because last year's figure included a one-time gain.

***Read full details in Yahoo! Earnings News


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