FRANKFURT, Germany – 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.