BMW profits rise in 'most successful year' ever

  • BMW Group revealed that 2012 was the best year in its history after the German firm posted a rise in profits and revenue on Thursday.

    The owner of Mini and Rolls-Royce saw pre-tax profits increase 5.9 percent to $10.2 billion on revenues up 11.7 percent to a record of $99.8 billion.

    Total group sales in 2012 sat at 1.84 million vehicles, a rise of 10.6 percent compared to 2011.

    In a statement, BMW chairman Norbert Reithofer said: "The past year has been the most successful year in BMW history. We have achieved or surpassed all of our targets for 2012 in the face of very challenging market conditions. We are again targeting further sales volume growth worldwide in 2013 and hence a new record level for deliveries. However, economic conditions are likely to remain challenging in many markets."

    The rise in profits and revenues was boosted by growing sales in Asia.

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