BMW slips on billion dollar fine fears Unlisted Video

MUNICH -- BMW's first-quarter profits slumped after car sales in key markets slowed and the automaker revised a provision for a potential fine for alleged collusion to 1.4 billion euros ($1.6 billion). Earnings before interest and tax (EBIT) declined 78 percent to 589 million euros compared to a year earlier, BMW said in a statement on Tuesday.