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<p>FRANKFURT, Germany (AP) &#8212; German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100,000 electric-powered cars.</p><p>The company said Tuesday it expects &#8220;a slight increase&#8221; from last year, when it had 94.2 billion euros ($101.7 billion) in revenues and net profit of 6.9 billion euros. It sold 62,000 electrics.</p><p>Munich-based BMW AG has invested heavily in electric vehicles even though they remain less than 1 percent of the global market, saying they&#8217;re the key to future sales. The company predicts electric vehicles will be 15-25 percent of the market by 2025.</p><p>CEO Harald Krueger said at the company&#8217;s annual news conference that that &#8220;our goal is sustainable mobility. There&#8217;s no turning back.&#8221;</p><p>For other business stories, <a href="https://www.timesleader.com/category/business" target="_blank">click here</a>.</p><style>
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<div class="neCaption">A BMW 530e iPerformance car is pictured during the earnings press conference in Munich, Germany, Tuesday. </div></div><div class="metaInfo"><photo0>https://www.timesleader.com/wp-content/uploads/2017/03/web1_115634999-67411b5a203a461ab9022ef626868996.jpg</photo0><caption0>A BMW 530e iPerformance car is pictured during the earnings press conference in Munich, Germany, Tuesday. </caption0><photoCredit0>Matthias Schrader | AP Photo </photoCredit0></div></div>
<div class="metaInfo"><bylineMeta><p>Associated Press</p></bylineMeta></div>

German automaker BMW expects higher profits and more electric cars