Daimler 2016 Profit Hits Record High

The parent company to names such as Freightliner, Western Star, and Mercedes posted strong profits and revenue in the fourth quarter of last year. Daimler AG reported the best year in the company‚Äôs history, with strong automotive sales more than compensating for a weaker commercial truck market, and it’s expanding investment in research and development.

Daimler officials also said the company has dramatically increased spending on research and development for 2017, up 15% from 2016 to more than 7.5 billion euros.

Read more at TruckingInfo.com.