Daimler AG, the parent company of Mercedes-Benz brand cars and trucks, saw earnings drop 16% in 2014 despite record sales and revenues.
Daimler Chief Executive Dieter Zetsche, however, said overall 2014 was a terrific year for the German automaker and proposed boosting the annual dividend to shareholder to 2.45 euros.
“We set new records once again in 2014 – for unit sales, revenue and earnings. This progress is the result of consistent hard work. And it is based on decisions we made several years ago and which we have successfully implemented since then,” said Zetsche, who is also head of Mercedes-Benz Cars. (more…)