Site Map | Archives | Electronic Edition | Mobile Edition | Alerts | RSS | Contact Us | Submit News & Photos | Subscriber Services
Jul 21, 5:43 AM EDT

Daimler sees further sales growth despite global uncertainty

Latest News
The Latest: Prosecutors look at accomplices in Ansbach

German who killed 2 young boys sentenced to life in prison

German officials vow more checking of migrants after attacks

Turkish president accuses EU of breaking pact on migrants

German refugee policy under fire after a week of bloodshed

Exhibit Honors Soviet Photographer
Berlin Wall: 20 Years Later

FRANKFURT, Germany (AP) -- Automaker Daimler says its net income rose 3 percent to 2.4 billion euros ($2.6 billion) in the second quarter and expects continued sales growth this year despite heightened uncertainties in the world economy.

The company based in Stuttgart, Germany, said Thursday that its revenue grew 3 percent to 38.6 billion euros, with gains in most regions. Higher demand for its luxury cars offset a decline in truck sales.

Daimler expects the world economy to grow at sub-par levels this year, and reiterated its forecast for its revenue to "increase slightly in 2016," with the strongest performance in Asia and Western Europe.

It said the biggest contributor to growth in global car sales would be China, but mainly thanks to the government's tax cuts on sales.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.