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Dow Jones Newswires: Mercedes-Benz confirms outlook after higher profit and revenue

The German luxury car maker said net profit rose to 3.945 billion euros from EUR3.49 billion in last year's first quarter. Revenue increased 7.6% to EUR37.52 billion. Read More...

By David Sachs

Mercedes-Benz Group AG on Friday confirmed its outlook for the year and reported higher profit and revenue in the first quarter on sales of top-end cars and vans and improved pricing.

The German luxury car maker said net profit rose to 3.945 billion euros ($4.35 billion) from EUR3.49 billion in last year’s first quarter. Revenue…

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