Europe

Automaker Daimler sees record profit for year, ups dividend

German car and truck maker Daimler AG is reporting record profits for last year as sales of the company's luxury cars rose despite a troubled global economy.

And that means more cash for investors and workers.

The company is raising its dividend to 3.25 euros ($3.60) per share, from 2.45 euros, and will be soon be sending fat profit-sharing checks of 5,650 euros ($6,215) per eligible worker, also a record high.

Net profit for the year rose to 8.9 billion euros from 7.3 billion euros in 2014, while revenue jumped to 149.5 billion euros. Sales of the company's Mercedes-Benz luxury cars rose 16 percent. Truck and bus businesses did less well, hit by weak markets in Latin America.