Luxury cars and vans help shore up Daimler’s profits

Luxury cars and vans help shore up Daimler’s profits

Daimler reported a slight rise in third-quarter operating profit on Thursday boosted by sales of Mercedes-Benz cars. Earnings before interest and taxes (EBIT) rose 8% to 2.69 billion euro, boosted by an 8% rise in sales of luxury cars and solid cashflow. The company added though that it would undertake cost cuts and warned legal provisions tied to diesel litigation could rise.

Timothy
Timothy
Top in Business
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