Daimler sees further sales growth despite global uncertainty

Published July 21, 2016

Automaker Daimler says its net income rose 3 percent to 2.4 billion euros ($2.6 billion) in the second quarter and expects continued sales growth this year despite heightened uncertainties in the world economy.

The company based in Stuttgart, Germany, said Thursday that its revenue grew 3 percent to 38.6 billion euros, with gains in most regions. Higher demand for its luxury cars offset a decline in truck sales.

Daimler expects the world economy to grow at sub-par levels this year, and reiterated its forecast for its revenue to "increase slightly in 2016," with the strongest performance in Asia and Western Europe.

It said the biggest contributor to growth in global car sales would be China, but mainly thanks to the government's tax cuts on sales.

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