In the news:
Originally published Thursday, February 9, 2012 at 10:26 AM
Summary Box: Mercedes helps Daimler 4q profit rise
CHINA CONNECTION: Strong sales of Mercedes luxury cars in China and the U.S. helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The company made net profit of euro1.78 billion ($2.36 billion), ahead of the average forecast compiled by FactSet of euro1.30 billion.
The Associated Press
CHINA CONNECTION: Strong sales of Mercedes luxury cars in China and the U.S. helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The company made net profit of euro1.78 billion ($2.36 billion), ahead of the average forecast compiled by FactSet of euro1.30 billion.
MONEY MAKERS: Daimler's Mercedes van business and its financial services division saw strong operating profit increases.
BUMPS AHEAD? Daimler issued a cautious outlook, saying that the debt crisis afflicting the 17-nation eurozone would mean a flat market in Western Europe.
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