The profitability of premium carmakers is hitting near-record levels, thanks to surging demand in emerging markets, reviving sales in the US and the drastic cost cuts they made in 2009.
After suffering more than other automakers during the financial crisis, Germany’s premium producers are now hitting a sweet spot on profitability.
Daimler beat analysts’ estimates on third-quarter earnings on Thursday and raised its full-year profit forecast for the third time this year.
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