BMW sees chance of building a plant in Brazil

August 2, 2011
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BMW

, FRANKFURT, Aug 2 – German luxury car maker BMW said Tuesday there is a “high probability” that it will build a factory in Brazil, one of the most dynamic auto markets in the world.

A decision will be made this year, chief executive Norbert Reithofer told a news conference after the group posted a second-quarter net profit of 1.81 billion euros ($2.58 billion), more than double the year-earlier figure.

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