Mercedes-maker Daimler see profits rebound after lockdowns

Daimler, maker of Mercedes-Benz vehicles, has reported third-quarter earnings (AP)

Daimler has seen profit rebound in the third quarter as the company, which makes Mercedes-Benz luxury cars and Freightliner trucks, clamped down on costs, and sales recovered after the coronavirus lockdowns of earlier in the year.

Highly profitable cars such as the GLE and GLS sport-utility vehicles boosted earnings, as did the economic recovery in China, said CFO Harald Wilhelm.