6:51am

Wed July 24, 2013
Business

Daimler Profits Rev Up In Second Quarter

Originally published on Wed July 24, 2013 11:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with fancy cars revving up.

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GREENE: The German company that owns Mercedes-Benz made a lot of money in the second quarter. Daimler announced this morning that net profit rose to more than $6 billion. That's up from about $2 billion in the same quarter last year. The company says it has seen car sales in Europe bottom out, but at the same time, there's been strong demand for some of its new models. Daimler also sold off the rest of its stake in the parent company of Airbus, which helped its second quarter numbers. Transcript provided by NPR, Copyright NPR.