BMW says third-quarter cash flow in auto segment was above expectations

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Free cash flow amounted to 3.07 billon euros in the third quarter, up from 714 million euros in the year-earlier period, the carmaker said late on Monday.

“This was due in particular to a faster recovery in several markets, which led to higher sales growth,” BMW said in a preliminary earnings release which was published ahead of the company’s scheduled quarterly earnings on Nov. 4.