00:01Mercedes-Benz shares rose by more than 5% in Frankfurt on Tuesday morning.
00:07The German carmaker reported second-quarter operating profit of 1.55 billion euros,
00:13up 22% from 1.27 billion euros a year earlier.
00:19However, revenue fell by 3%.
00:21The company's overall performance was boosted by its vans and financial services businesses.
00:27However, adjusted operating profit at its core cars division fell by 26%.
00:34Mercedes-Benz blamed the decline in earnings at its car division on tougher market conditions, particularly in China.
00:42Sales of fully electric Mercedes-Benz cars increased by 51% year-on-year, driven by growth of 87%
00:50in Europe.
00:51Overall car sales climbed by 4% in Europe and by 10% in the United States.
00:57This partly offset a 30% decline in China, where intense competition, subdued demand and changes across the company's model
01:06range continued to affect sales.
01:09Excluding China, global car sales increased by 2% year-on-year.
01:17Dr.
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