Daimler Q2 profits jump on EADS stake sale

Associated Press
Daimler Q2 profits jump on EADS stake sale

FILE - In this Wednesday, May 8, 2013 file photo a CLA car is assembled in the car manufacturing plant of Mercedes-Benz Manufacturing Hungary Kft., an affiliate of Daimler AG of German carmaker Mercedes-Benz in Kecskemet, 85 kms southeast of Budapest, Hungary. Automaker Daimler AG laid out the hope of a recovery in the West European car market later this year as it reported a big jump in its second-quarter net profit following the sale of its stake in aerospace firm EADS. The Stuttgart-based company said Wednesday July 24, 2013 that net profit rose to €4.58 billion ($6.04 billion) from €1.56 billion in the same quarter a year before. Sales rose 3 percent to €29.7 billion. (AP Photo/MTI, Sandor Ujvari, File)

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