Business

Saturday 25 November 2017

Daimler profits up 10pc

good day for

motor company Daimler said sales momentum at its Mercedes division would help it achieve significantly higher revenue and operating income this year, as it announced further cost-cutting plans and a 10pc jump in fourth-quarter profit.

The company has lagged behind rivals in terms of global sales and profitability in recent years and is battling to narrow the gap.

"We plan to attain a level of earnings that has never been seen before at this company," chief executive Dieter Zetsche (left) said.

Herald

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