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Automakers

BMW's cars business gets Q1 earnings boost from price hikes

BMW i7 xDrive60 1.jpg
BMW expects sales of its most expensive cars such as the full-electric i7, shown, to boost earnings this year. (daniel kraus)
R
By:
Reuters
May 04, 2023 08:36 AM

BERLIN -- BMW reported a higher earnings margin for its cars segment, with a rise to 12.1 percent in the first quarter from 8.9 percent a year earlier.

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