<p>Daimler profit</p>

Daimler profit

FRANKFURT, Germany (AP) — Automaker Daimler AG says net profit climbed slightly in the second quarter because its Mercedes-Benz luxury car business thrived but gains lagged at its truck, van and bus businesses.

The business said Wednesday that net profit was up 2 per cent compared to a year ago, to 2.51 billion euros ($2.9 billion) by 2.45 billion euros. Revenue rose 7 per cent to 41.16 billion euros ($48 billion).

The Mercedes branch had its best quarter for unit revenue in history, using 2.4 billion euros ($2.8 billion) in operating profit. When the company chose a 440 million euro fee for recalls of automobiles equipped with airbags produced by supplier Takata, that has been a 70 per cent jump from last year. SUV sales and Condo helped.

Operating earnings fell 13 percent in its truck business.

The post Daimler profit up slightly as truck company lags appeared initially on WTOP.

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