Luxury
Daimler earnings up on strong Mercedes sales
Daimler, maker of Mercedes-Benz and Smart cars, reported a sharp rise in second-quarter underlying profit driven by record sales in its luxury car division. Daimler’s earnings before interest and taxes, or Ebit, from ongoing business rose 12 percent from a year earlier to €2.46bn ($3.3bn). This was above analysts’ expectations…
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