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    Mercedes helps Daimler to 57 pct Q4 profit boost

    FRANKFURT, Germany (AP) — German automaker Daimler AG says net income rose 57 percent in the fourth quarter to euro1.78 billion ($2.36 billion), handily beating analysts' expectations.

    Revenue for the quarter rose 10 percent to euro29.06 billion.

    Unit sales for the company's flagship Mercedes luxury brand jumped in two key markets. They were up 42 percent in China and 44 percent in the United States.

    The company's bus and van businesses also saw strong profit increases.

     

    1 comment

    • Roland  •  Kitchener, Canada  •  3 mths ago
      There you go, you run a company right, know what you are doing, have the right people working for you and profits go up. By the way have you seen any German car firm losing money ?
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