BMW says financial impact of US attacks manageable

MAKUHARI, Japan - German luxury carmaker BMW said on Wednesday the financial effects of the attacks in the United States on its business appeared to be manageable.

"It is premature to make a final economic assessment of the terrorist attacks in the United States and their effects," BMW chief executive Joachim Milberg told reporters at the Tokyo Motor Show.

"But judging by what we know today, from a business point of view we may assume the economic consequences will remain under control."

Milberg reiterated that he expected BMW to sell over 900,000 vehicles in 2001.

BMW recently said it would post a higher pre-tax profit in 2001 than last year's $1.52 billion.

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