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Driving force: China and US sales put Daimler and Mercedes into top gear
MERCEDES-owner Daimler has racked up record annual profits as sales in China and the US shifted into top gear.
The company, which also makes vans and lorries, reported a 29 per cent rise in net profits to just over €6 billion (£5bn) and raised its shareholder dividend.
But it issued a cautious outlook yesterday, saying next year’s profits would only equal this year’s and that the debt crisis afflicting the 17-nation eurozone would mean a flat market in Western Europe.
In 2011, the group benefited from a strong performance at its Mercedes luxury brand. Sales were up 42 per cent in China and 44 per cent in the US.
Overall vehicle sales rose 11 per cent to 2.11 million during the year, with Daimler saying that Mercedes had “never performed better than in 2011”.
Workers will get a profit-sharing bonus of €4,100 per eligible worker.
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