Daimler reports 12% jump in Q2 profit

July 24, 2014 4:28 am

German carmaker, Daimler has posted a 12% increase in second-quarter profits, as its new Mercedes C-Class and E-Class cars helped to lift profit margins, Reuters has reported. The Mercedes-Benz cars division’s core earnings jumped 35% in the second quarter, but its return on sales came in at 7.9%, an improvement over last year’s 6.6%, but still short of a 10% goal for the division which includes the Smart brand. The company relaunched its A-Class compact late in 2012, unveiled a new S-Class flagship limousine in July 2013 and launched a new C-Class in Europe in March.