BMWreports record sales in first quarter
German car producerBMWGroup reported on Tuesday that its sales have reached a newrecord in the first quarter of the year. Sales volume in its automotive segment for the Bavarian company rose by 5.9 percent to a total of 557,605 units in the first three months of the year. A total of 127,167 units were sold on the Chinese mainland in the first quarter, up 10.5 percent. Ltd is facing a further multibilliondollar fine after Brazilian prosecutors initiated proceedings against the co-owners of Somarco for a collapsed tailings dam that killed 19 people inNovember. The civil suit against Somarco, its co-owners BHP and Brazilian giant Vale SA as well as Brazil’s federal government and the two states affected by the dam spill, is the result of a six-month investigation by local authorities, the prosecutor’s office said in a statement. deteriorated due to both less favorable assessments of the current economic situation and slightly more skeptical business expectations. In addition, the report said that the sixmonth economic outlook is slightly less positive in most countries than last quarter, and that the dynamic of the economic upswing is to remain moderate.