July 11, 2016

Daimler AG Rises as Profit Surprises and Mercedes Seals Sales Lead

By: dailycar

Adjusted earnings before interest and taxes rose 5.6 percent to 3.97 billion euros in a preliminary tally, “significantly” beating analyst expectations, the automaker said in a statement. Daimler benefited from gains in vans and buses while earnings dropped at the trucks and the Mercedes Cars division. The result excludes almost 500 million euros in Takata Corp. air-bag […]