* Stuttgart - Truck maker Daimler is reporting record profits for last year as sales of the company's luxury cars rose despite a troubled global economy
-- German car and truck maker Daimler has reported record profits for last year as sales of its luxury cars rose despite a troubled global economy. And that means more cash for investors and workers... While it was a good full year, fourth-quarter earnings missed analyst estimates and the company issued a cautious outlook for 2016, saying that operating profits would only "increase slightly... Daimler AG shares fell 3.3 percent and traded at 60.87 euros... Net profit for the year rose 23 percent to 8.9 billion euros from 7.3 billion euros in 2014, while revenue jumped 15 percent to 149.5 billion euros. Sales of the company's Mercedes-Benz luxury cars rose 16 percent. Truck and bus businesses did less well, hit by weak markets in Latin America...
(AP Photo/Michael Probst: A Damiler logo is fixed at the front of a concept car on occasion of the company's annual press conference in Stuttgart, Germany) -- Frankfurt, Germany — AP/Daily Journal, by DAVID McHUGH - February 04, 2016Labels: truckmakers news Germany
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