Mercedes-Benz car sales lift Daimler’s operating profit
Meanwhile, Manager Magazin reports CEO Ola Kaellenius wants Daimler to return to its roots as a car maker rather than reinvent itself as a hi-tech mobility provider
24 October 2019 - 16:36
Frankfurt — Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by sales of Mercedes-Benz cars, sending its shares higher, but announced cost cuts and warned legal provisions tied to diesel litigation could rise.
Group earnings before interest and taxes (ebit) rose 8% to €2.69bn, up from €2.49bn in the year-earlier period, boosted by an 8% rise in sales of luxury cars and solid cash flow...
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