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BMW Q3 pretax rises 9.4 pct to 720 mln eur, but falls short of consensus UPDATE Sharewatch MUNICH (AFX) - Bayerische Motoren Werke AG (BMW) said third-quarter pretax reached 720 mln eur, up 9.4 pct from 658 mln last year, but below the 743.2 mln eur consensus of analysts\' forecasts. STOCKWATCH BMW seen lower at open after Q3 numbers come in below expectations Sharewatch At 7.35 am, BMW was being quoted at a spread between 44.60 and 44.80 after closing at 45.20 yesterday. Earlier, the German luxury car maker reported pretax profit of 720 mln eur, up 9.4 pct year-on-year versus 730 mln expected, while sales came in at 11.6 bln eur, versus 11.4 expected. BMW CEO says 4 bln eur FY pretax goal is \'extremely ambitious\' UPDATE Sharewatch MUNICH (AFX) - Bayerische Motoren Werke AG chief executive Norbert Reithofer said the carmaker\'s 4 bln eur full-year pretax profit goal is \"extremely ambitious.\" The company earlier reaffirmed the 4 bln eur target, and also said it still sees 2006 unit sales reaching a new record. AFX UK Focus 2006-11-02 10:47 GMT: BMW CEO says 4 bln eur FY pretax goal is 'extremely ambitious' UPDATE Interactive Investor (Updating with total Oct sales flat yr-on-yr) AFX UK Focus 2006-11-02 08:35 GMT: BMW Q3 pretax rises 9.4 pct to 720 mln eur, but falls short of consensus UPDATE Interactive Investor (Updates with details on automotive division performance) OUTLOOK BMW Q3 profits seen hit by forex, lower demand for older models Sharewatch Analysts said apart from quarterly profits, the focus among investors would also be on the new chief executive, Norbert Reithofer, whose views on such issues as strategy and what the company would do with its pile of cash would be of interest. BMW CEO says 4 bln eur FY pretax goal is \'extremely ambitious\' Sharewatch MUNICH (AFX) - Bayerische Motoren Werke AG chief executive Norbert Reithofer said during a telephone conference that his company\'s 4 bln eur full-year pretax profit goal is \"extremely ambitious.\" AFX UK Focus 2006-11-02 09:52 GMT: BMW CEO says 4 bln eur FY pretax goal is 'extremely ambitious' Interactive Investor (flash fill) BMW October US sales down 4.6 pct to 24,464 unit Sharewatch Year to date US unit sales rose 1.2 pct to 254,297. newsdesk@afxnews.com ks COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. Market speculates over DaimlerChrysler breakup TODAYonline The Chrysler logo is seen at Walton Chrysler in Skokie, Illinois. Eight years after it bought the US automaker Chrysler, DaimlerChrysler is believed to be mulling a sale of the loss-making division.
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