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Amid rising sales in China and a high demand for BMW AG’s new 5-series sedan, the carmaker is raising its 2010 sales and earnings forecast.

In a statement released last Tuesday, the world’s largest luxury-car maker said that it expects 2010 sales to increase by about 10% to over 1.4 million cars and SUVs, while the operating margin in the automotive unit will advance more than 5%. This year, sales of BMW

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BMW raised its 2010 sales and earnings forecast on growing sales

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