Mercedes sales boost Daimler profits

GERMAN car maker Daimler AG says net profit rose 53 per cent in the third quarter, helped by stronger performance from its luxury brand, Mercedes-Benz.

Net income rose to 1.90 billion euros ($A2.74 billion) from 1.24 billion euros in the same period a year ago. Revenue rose 5 per cent to 30.1 billion euros.

The company on Thursday credited an expanded range of compact cars that helped boost sales. Mercedes sold 8 per cent more cars in the period and raised its operating earnings by 23 per cent to 1.20 billion euros.

CEO Dieter Zetsche said in a statement that “this shows the high investments we have made were money well spent.”

Recommended news articles:

Grandmother Dorothy Deshong reported her stolen handbag, only to be met by a paddywagon and several police officers with a warrant for her arrest over a 22-year-old unpaid parking fine.

Cops arrest granny – 22 years later

Use of remote controlled flying drones like this have been criticised recently, but after finding a pensioner who went missing for days perhaps opinions could change.

Drone finds pensioner missing for days

The arrival of the first bodies of flight MH17 to Netherlands.

Just how safe is it to fly?

This ball of fire almost gave Earth a bashing back in 2012. You wouldn’t believe how close we came to a catastrophic solar flare.

NASA: Earth was nearly destroyed two years ago

News