Mercedes-Benz sales in China help Daimler double profits in 2010

A strong product line-up and rise in sales of Mercedes-Benz cars in China helped Daimler recover well in 2010, according to the carmaker.

The firm doubled its year-on-year profit due to strong sales in emerging markets despite difficulties with the European debt crisis and the Japan earthquake, Associated Press reports.

Dieter Zetsche, chairman of the Daimler board and head of the Mercedes-Benz car division, told the news provider that "things are going good" for the company in all of its divisions.

He also said that Daimler remains committed to increasing Smart car sales in the US, adding that their introduction is "more feasible today than ever" because it is "the right product for the right time".

The Financial Times added that US sales of the Smart car were down 20 per cent in the first five months of this year, while total sales of under 6,000 vehicles last year was a 60 per cent drop on 2009's numbers. 

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