BMW Group to launch 40 models by 2018; will focus on electrified vehicles

By Editorial Staff The German luxury-carmaker BMW AG held its annual shareholders’ meeting and like many German companies, BMW used the event to present its full-year results and to brief shareholders and the media on its plans and expectations for the future.
At its annual press conference, BMW noted that it had sold 2.3 million vehicles for 2016 which was more than 5.3% more than the sales volume in 2015. It earned revenue of €94bn and its profit before tax was €9.6bn while its profit increased 4.8% compared to 2015.
BMW plans to launch 40 new or revised models under its brands BMW, Mini and

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