Pursuits
BMW’s Fourth-Quarter Earnings Decline on Spending on New Models
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Bayerische Motoren Werke AG’s fourth-quarter earnings fell 12 percent as the world’s largest maker of luxury vehicles spent more on new models.
Earnings before interest and taxes fell to 1.54 billion euros ($2 billion) from 1.75 billion euros a year earlier, according to calculations based on full-year results the Munich-based company reported today. Revenue climbed 9.6 percent to