FRANKFURT, Germany (AP) — German automaker Daimler AG says net profit rose 53% in the third quarter, helped by stronger performance from its luxury brand Mercedes-Benz as the division benefited from strong demand for its small cars.

Net income rose to €1.90 billion from €1.24 billion in the same period a year ago. Revenue rose 5% to €30.1 billion.

The company on Thursday credited an expanded range of compact cars that helped boost sales. Sales for its smaller A-Class, B-Class and CLA model...

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