BMW posts profits of more than 800 Million Euros in the second quarter 2010

Shares in German luxury carmaker - BMW - posted gains of more than 3-percent Tuesday after its second-quarter earnings beat market expectations, fueled by booming demand China, a recovery in saled in the United States, and streamlined production costs. The recent weakness in the euro also helped, because earnings generated in the U.S. and China are inflated when converted into the common currency.