Mercedes doubles profit to 1.2 bln euros

BERLIN - German carmaker Mercedes Car Group has nearly doubled its operating profit in the second quarter to 1.2 billion euros (1.6 billion dollars), the DaimlerChrysler group said on Wednesday.
The figure for the same period in 2006 was 690 million euros.
Along with its affiliate's results, DaimlerChrysler also published ambitious targets for the luxury car maker. These include reaching an operating profit margin of 10 percent by 2010 at the latest.

07/25/2007 13:28 GMT