FROM BLOOMBERG: Daimler AG rose to its highest price in 1 1/2 years in Frankfurt trading after the world’s second-biggest maker of luxury vehicles lifted profit forecasts for the car and truck units.
Mercedes-Benz Cars will post operating profit of 2.5 billion euros ($3.4 billion) to 3 billion euros this year, the Stuttgart-based company said in a statement late yesterday. Daimler projected in February its biggest unit, which makes Mercedes, Smart, and Maybach passenger cars, would earn more than 1.5 billion euros. MORE»
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