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BMW made record $6.4 billion in 2011

BMW made record $6.4 billion in 2011

09 March 2012 15:44 (UTC +04:00)

Baku - APA-Economics. A sharp jump in sales of its luxury cars and sport utility vehicles in China helped German automaker BMW AG increase net profit by 51 percent last year to euro4.9 billion ($6.43 billion). The companyâ€™s sales also benefited from the recovery the United States, Boston reported.

Revenues rose 14 percent to euro 68.82 billion, as the number of vehicles sold in China increased 38 percent, to 233,600.

Sales rose 14 percent in the United States, where the company sold more than 340,000 vehicles.

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