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Daimler defies gravity with big China sales

Stuttgart-based car maker Daimler – owner of Mercedes-Benz – has bucked industry-wide trends for decreasing profits, in part by outdoing other German brands in China.

Daimler defies gravity with big China sales
A Mercedes-Benz production line in Sindelfingen, Baden-Württemberg. Photo: DPA

While the company's industry-wide forecast suggests zero growth in sales this year over 2014's number, Daimler itself has significantly boosted its business.

“Daimler was above all able to de-couple itself from the restrained development in the market in China,” the company's finance chief Bodo Uebber told journalists in a teleconference on Thursday.

Daimler sold 277,000 cars in China, which is the world's biggest car market, between January and September 2015 – an increase of 27 percent over the previous year, and not far off its target of 300,000 for the whole year.

“Overall we think that we can keep growing into 2016,” Uebber predicted.

Fears of damage to “brand Germany” have also proven unfounded for Daimler in the weeks since the emergence of the Volkswagen diesel emissions scandal.

“Our sales have been going as planned in recent weeks,” Uebber said, adding that the company would continue to bet on diesel cars – despite revelations on Thursday that yet more VW cars may be affected.

Worldwide, Daimler sold around half a million cars between July and September, making a profit of €2.8 billion – less than last year's figure, which was boosted by the sale of shares in Rolls Royce.

Daimler's margins in its core car-making business stood at 10.4 percent, outdoing its own target of 10 percent for the first time in four years and beating rivals Audi and BMW.

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GREENPEACE

Two hospitalized in Munich after activist crashes parachute into Euro 2020 stadium

At least two people were hospitalised Tuesday after a Greenpeace activist crash-landed on the pitch before the Germany-France match at Euro 2020 when his powered parachute microlight struck spidercam cables at Munich's Allianz Arena.

Two hospitalized in Munich after activist crashes parachute into Euro 2020 stadium
The activist lands on the turf of the Allianz Arena. credit: dpa | Christian Charisius

The pilot flew over the pitch just before kick-off in the Group F clash with “Kick out oil” written on the canopy of his parachute.

However, when the pilot hit television cables above the pitch, it knocked his microlight off balance and he landed on the turf after clipping one of the stands, where the casualties happened.

The activist was arrested soon after landing.

A Munich police spokesman told AFP that at least two people suffered head injuries and “both had to be taken to hospital, we don’t know yet how serious the injuries are”.

The police spokesman said the activist appears to have escaped injury, but “we are considering various criminal charges. Munich police has zero understanding for political actions that put lives at risk”.

UEFA also slammed the botched stunt.

“This inconsiderate act – which could have had very serious consequences for a huge number of people attending – caused injuries to several people attending the game who are now in hospital and law authorities will take the necessary action,” European football’s governing body said in a statement.

The parachutist above the stadium. Photo: dpa | Matthias Balk

“The staging of the match was fortunately not impacted by such a reckless and dangerous action, but several people were injured nonetheless.”

The stunt was a protest against German car manufacturer Volkswagen, one of the sponsors of the European Championship, Greenpeace explained in a Twitter post.

“UEFA and its partners are fully committed to a sustainable Euro 2020 tournament and many initiatives have been implemented to offset carbon emissions,” said UEFA.

Greenpeace said they regretted any harm caused.

“This protest was never intended to disrupt the game or hurt people,” read a Twitter post on Greenpeace’s official German account.

“We hope that everyone is OK and that no one was seriously injured. Greenpeace actions are always peaceful and non-violent.”

“Unfortunately, not everything went according to plan.”

READ MORE: Climate activists rage as Germany opts for drawn-out coal exit

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