BMW hopes to cut costs by about US$8.5B by 2012, moves to combat $ weakness [Archive]

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Mitch

09-28-2007, 01:52 AM

By The Associated Press BERLIN - Automaker BMW AG said Thursday it hopes to cut costs by about US$8.5 billion by 2012 under a new efficiency drive, and said it will increase production capacity in the U.S. to address risks posed by the weak U.S. dollar.

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