Mercedes tops margin forecasts as luxury sales lift results

BERLIN/FRANKFURT: Mercedes-Benz posted stronger-than-expected profit margins in its core car division on October 29, lifted by increasing sales of high-end models that helped counter the impact of restructuring costs and job cuts.

The German automaker's return on sales at its car unit reached 4.8 percent in the third quarter, edging up from 4.7 percent a year earlier and beati