BMW net up 24 percent to $1.47 billion

The assembly line of BMW 3-series car is deserted in the BMW plant in Munich. (HO, BMW AG)

November 3, 2011 7:20:38 AM PDT
Germany automaker BMW AG says net profit rose 23.8 percent in the third quarter from a year ago on stronger sales of newer models such as its 5-series sedan and compact 1-series.