BMW raises pretax profit guidance regardless of third-quarter earnings decrease

Images of BMW 5-Series

BMW somewhat raised its profit outlook relying on demand for new models and slashing development spending even as third-quarter revenues fell on technology expenses. The automaker on Tuesday anticipated a 5-10 percent gain in pretax profit, raising a former forecast of 1-5 percent. New vehicles are adding fuel to demand, including its redesigned 5 Series, […]