BERLIN— Daimler AG predicted significant growth for this year thanks to buoyant car demand in China and the U.S., despite a decline in profit in the fourth quarter because of charges.
Operating earnings will rise by more than 10% this year and sales by more than 5%, Chief Executive Dieter Zetsche said on Thursday.
Strong sales of Mercedes-Benz’s flagship S-class sedan and a full stable of new and refurbished models are helping Daimler’s car division catch up with rival German luxury car makers BMW AG and Audi AG .
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