BMW net up 24 percent to $1.47 billion

FRANKFURT, Germany (AP) - November 2, 2011

The company's results were slightly higher than analyst expectations and it reaffirmed its profit target for the year.

But it said global auto markets were slowing and it saw "some dark clouds on the horizon."

The company made euro1.08 billion ($1.47 billion) on sales that rose 3.8 percent to euro16.55 billion. The net figure was just higher than average estimates of euro1.04 billion among analysts surveyed by FactSet.

Munich-based BMW said Thursday its younger model line helped with newer versions of its 5-series sedan, 1-series compact and Mini Coupe boosting volumes.

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