Daimler Financial Services eyes 2011 record EBIT

Newswire

STUTTGART, Germany, Nov 28 (Reuters) - German luxury carmaker Daimler expects to increase the operating profit at its Financial Services business this year to a fresh record, it said on Monday. Daimler's Financial Services business helps support the group's manufacturing operations by stringing together financing packages for car buyers, such as loans or leasing contracts. The unit posted earnings before interest and taxes (EBIT) of 831 million euros ($1.1 billion) in 2010, accounting ...

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