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Daimler Sees Record Profits

Description:Daimler has announced record profits for 2011 but says the coming year won't be as good, largely because of the eurozone crisis. The German car maker, which also owns Mercedes-Benz, recorded profits of 1.79 billion euros in the fourth quarter - a jump of more than half. Daimler's results are higher than analysts expected and have allowed the company to increase its share dividends to 2.20 euro - instead of an expected 2 euros. (1:44)

Source: Reuters

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