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(Reuters) - BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving.
In the short term, the German carmaker forecast on Wednesday a big rise in pretax profit for this year, with a strong performance in all areas - from MINIS through its upmarket BMW brand to top-of-the-range Rolls-Royces.
Its shares rose as much as 4.9% to a 2-1/2 year high of 84.42 euros, buoyed by its forecast for a strong recovery from a pandemic-hit 2020.
Bernstein analyst Arndt Ellinghorst said BMW had entered 2021 “very confidently.”