A BMW on display in China
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BMW profits soar to 834m euros

German carmaker BMW has reported a surge in profits, thanks to a recovery in global markets, demand from China and strong sales of new models.

The firm made 834m euros (£692.8m; $1.1bn) between April and June, up from 121m euros a year earlier. Sales climbed by 18.3% to 15.35bn euros.

The results impressed investors, pushing the firm's share price up by 3.4% in morning trading.

Brian Milligan spoke to Jay Nagley from Redspy Automative.

  • 03 Aug 2010