FRANKFURT: Daimler's first quarter operating profit more than doubled as surging sales of new cars and improving margins in its Mercedes-Benz luxury auto division extended its recent recovery.
Having dropped to third place in luxury car sales rankings in 2011 behind BMW and Volkswagen's Audi, Mercedes-Benz closed the gap in 2013 thanks to redesigned vehicles and new compact cars such as the A-Class sedan.
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