bmw 3q net profit falls 74 percent

BMW 3Q net profit falls 74 percent

Updated: Tuesday, 03 Nov 2009, 6:52 AM EST
Published : Tuesday, 03 Nov 2009, 6:52 AM EST

FRANKFURT (AP) - German carmaker BMW AG says its net profit for the third quarter fell 74 percent to euro78 million ($115 million) as a result of the global economic downturn.

BMW, the world's biggest luxury car company by sales, says Tuesday it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to euro11.8 billion.

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BMW 3Q net profit falls 74 percent

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