BMW sets sales and profit targets
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BMW plans to boost sales to more than 2 million cars by 2020, while pushing through cost savings worth 6bn euros.
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BMW has reported a lower-than-expected 7.6 percent rise in third-quarter pretax profit, but has reaffirmed its forecast for record revenues, earnings and car sales in 2004.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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Daimler&#39;s sales rose 4.7% to 188,492 vehicles from 185,535 a year ago. Year-to-date, sales were up 3% to 1.8 million, while US sales at its Mercedes-Benz unit slipped to 18,323 from 19,273.
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DaimlerChrysler (DCXGn.DE)  boosted global car sales 2.1 percent to 3.9 million units in 2004 as a strong showing by U.S. arm Chrysler offset a dip at flagship Mercedes Car Group, the world's fifth-biggest carmaker said on Sunday.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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BMW , the world&#39;s largest  premium car maker, said on Tuesday it sold 38 percent more cars  in mainland China in the first half of 2007, as the country&#39;s  growing ranks of nouveau riche snapped up the latest models.
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Luxury auto maker BMW BWMG.DE posted  a 16 percent fall in vehicle sales in China in 2004 to 15,480  units, including imports, as demand in the world's  third-largest auto market braked amid nationwide credit curbs.
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Toyota said itâs aiming to sell 9.85 million vehicles worldwide in 2008, setting an ambitious target despite worries about a slowing U.S. car market.
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Passenger vehicle sales should  strengthen nearly 20 percent by the end of the decade to about  70 million vehicles annually, spurred by growth not only in  developing markets but in the United States and Europe, the  chief executive of BMW AG BMWG.DE said on Monday.
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Eli Lilly and Co. on Thursday is on track to meet its 2006 growth forecast of 8 percent to 12 percent, but projected slower profit growth for 2007 even though its revenues will grow at a faster pace next year.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives while Fiat SpA&#39;s loss widened.
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South Korea's Hyundai Motor Co. raised on  Friday its 2005 sales target by 14 percent to 2.58 million  vehicles, targeting overseas markets as part of its ambition to  become one of the world's top five auto makers.
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Ford Motor Co.'s F.N European division   was on track to post a profit in 2006 for the third consecutive   year, Ford Europe Chief Executive John Fleming said on   Thursday.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.
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German luxury car maker BMW unveiled details Wednesday of a broad cost-savings plan that includes a sharp cut in personnel expenses.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.