BMW AG has posted a 5.3 per cent increase in sales to 2.37 million vehicles for the 2016 calendar year, with net profit up eight per cent to €6.9 billion ($A9.7 billion).
In its 100th year, BMW recorded revenue of €86.4 billion ($A122 billion), up one per cent on 2015. The greatest growth was in its Mini and Rolls-Royce subsidiaries, but motorcycle sales had fallen.

Closer to home, it reported that BMW Australia Finance Ltd showed a €12 million ($A17 million) loss on its books, the partial result of the finance arm’s record $A77 million fine last year by the Australian Securities and Investments Commission (ASIC).

The book value of the loss was only for fines incurred in 2016 with BMW’s 2017 financials expected to show the full effect of the fine.

The Australian loss was one of only three losses recorded by BMW’s 161 global subsidiaries in 2016.

By Neil Dowling