BMW plans 6 bln eur cost-cutting program, to 'substantially' up dividend UPDATE

[Mitch]

(MUNICH) Thomson Financial - Bayerische Motoren Werke AG said it plans to increase the profitability of its car business by 2020 by launching a 6 bln eur programme to cut cost and boost efficiencies, sell more than 2 mln vehicles, and implement more

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