BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

FRANKFURT (Reuters) – BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision.
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