Daimler sees Mercedes margins surging to highest in years

Daimler AG forecast that its main Mercedes-Benz unit will be more profitable than it's been in years thanks to resurgent vehicle demand in the midst of the global pandemic. The world's biggest luxury-vehicle maker said it expects a 10% to 12% annual return on sales for its cars and vans division, raising its forecast from 8% to 10%. That would be a historically strong showing — the car operation came up short of double-digit margins every year following Daimler's 2007 sale of Chrysler.