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Daimler’s quarterly profits double

: Thursday, May 01 - 2014 @ 11:29

German automaker, Daimler has said its first-quarter operating profit has more than doubled, as surging sales of new cars and improving margins in its Mercedes-Benz luxury autos division extended its recent recovery, Reuters has reported. Group earnings before interest and tax (EBIT) from ongoing business rose to €2.07bn in the three months ended March, up from €949m in the year-earlier period. Daimler said that sales of Mercedes-Benz cars rose 14% in the first quarter, driven by demand from China and the United States, as it prepares to roll out a fresh version of its new C-Class model, currently the best selling Mercedes-Benz.

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Thursday, May 1- 2014 @ 11:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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