Cost controls, luxury sales help Daimler weather pandemic

Car and truck maker Daimler AG increased its profits by 48% to 4.0 billion euros ($4.8 billion euros) in 2020 thanks to extensive cost-cutting and a sales recovery in the second half for its highly profitable Merecedes-Benz luxury cars and sport-utility vehicles.

source https://techxplore.com/news/2021-02-luxury-sales-daimler-weather-pandemic.html