Daimler Raises Profit Forecast to 6 Billion Euros
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Daimler AG, the world’s second-largest maker of luxury cars, raised its 2010 operating profit forecast to 6 billion euros ($7.8 billion) after beating quarterly estimates on higher sales in China and the U.S.
The manufacturer of Mercedes-Benz cars, which said July 16 it would increase its target today, previously aimed for full-year earnings before interest and taxes of more than 4 billion euros. Stuttgart, Germany-based Daimler reported an operating loss in 2009 of 1.51 billion euros.