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.
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