(May 21): BMW AG will raise its earnings forecast for the year because it expects an antitrust fine from the European Union will be much smaller than anticipated two years ago.

The automaker said late Thursday it will get a roughly 1 billion-euro ($1.2 billion) boost to earnings this quarter from revaluing a provision for an EU fine over allegations that it colluded with its German peers to delay rolling out cleaner cars. BMW shares rose as much as 1.9% on Friday in Frankfurt.