Daimler posts record $2.5 billion USD profit

Daimler posts record $2.5 billion USD profit

Daimler, the company who owns the Mercedes-Benz brand has just posted a record net profit of $2.5 billion USD for the second quarter of 2011. This has exceeded estimates and marks a 30 percent increase over the same period last year.

The results come from a much increased demand for Mercedes-Benz product, with sales increased to 357,600 units in the quarter, an increase on last year’s already record level of 342,500 units.

The big sellers for Mercedes were the freshly facelifted C-Class range, the S-Class flagship sedan and the new SLK roadster. The Chinese market has also become a gold mine for Mercedes-Benz where demand is currently greater than supply.

During the period Daimler also made the announcement that its new B-Class, Mercedes’ new small car, will officially launch in November and could boost the firm’s numbers even further.

Daimler’s total revenue increased by 5 percent to $38 billion USD for the quarter, with yearly revenue now expected to exceed of $145 billion USD.

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