Net profits of Mercedes-Benz in Q3 doubled year-on-year

German luxury carmaker Mercedes-Benz said on Wednesday its net profits in the third quarter doubled year-on-year, to almost four billion euros ($4 billion), thanks to better sales as well as higher prices.

Despite continued problems with supply chains, the company saw revenues increase by 19 percent, to 37.7 billion euros, reports BSS.

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