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BMW predicts significant rise in 2010 pretax profit

BMW, the world’s biggest premium carmaker, expects a significant rise in pretax profit this year driven by new models like its 5-Series and better results from its motorbikes, autos and financial businesses.

"We want to see visible progress in 2010 towards achieving our profitability targets for 2012," CEO Norbert Reithofer said in comments prepared for 17 March.