https://apnews.com/b7cf34d7ad38d32c75d2041cc4a01a28

FRANKFURT, Germany (AP) — Car and truck maker Daimler increased its profits by 48% to 4.0 billion euros ($4.8 billion euros) in 2020 thanks to extensive cost-cutting and a sales recovery in the second half for its highly profitable Mercedes-Benz luxury cars and sport-utility vehicles.

The bottom line improved on 2.7 billion euros from 2019, even as top-line revenue fell 11% to 154.3 billion euros.