BMW Earnings Rise 16%

BMW AG netted €1.3 billion ($1.7 billion) in the third quarter of 2012 compared with €1.1 billion ($1.4 billion) in the same period last year, buoyed by growth in China and the U.S.

Revenue climbed 14% to a third-quarter record of €18.8 billion ($24.2 billion). Sales grew 9% to 435,000 vehicles.

Earnings before interest and taxes rose 14% to €2 billion ($2.6 billion).

BMW confirms its full-year forecast of record-high revenue, pre-tax earnings and sales volume. But Chairman Norbert Reithofer says the company is "beginning to feel some headwind" from weakening international markets.