Daimler posts record $2.5 billion USD profit

July 28th, 2011 by Darren Cottingham

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. Continue reading “Daimler posts record $2.5 billion USD profit” »