BMWre­ports record sales in first quar­ter

China Daily (Canada) - - BUSINESS -

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.

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