Summary Box: BMW made record $6.4 billion in 2011

AP News
Posted: Mar 08, 2012 12:33 PM

CHINA CONNECTION: A sharp jump in sales of its luxury cars and sport utility vehicles in China helped German automaker BMW AG increase net profit by 51 percent last year to euro4.9 billion ($6.43 billion).

U.S. PERKS UP: Sales rose 14 percent in the United States, where the company sold more than 340,000 vehicles.

MANAGEMENT MATTERS: BMW also appointed a woman to its top management body for the first time. Milagros Caina-Andree, 49, will take responsibility for personnel matters on the eight-member management board.