Daimler Challenges Rivals with Sales Boost - Presented by: The Aol. On Network

Continuing its recent return to form, Daimler posted a rise in third quarter profit of around 15 percent, beating analyst expectations. Shares in the maker of Mercedes-Benz luxury vehicles rose on the news. Cost cutting has helped, as have new models which pushed up company's sales. Daimler says it's already achieved 70 percent of its planned cuts for the year at its Mercedes-Benz luxury cars division. Daimler Trucks, the group's commercial vehicles business, has achieved around 60 percent.



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