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× Trade war, diesel troubles hold back profit at Daimler

FRANKFURT, Germany --- Automaker Daimler AG said Wednesday fourth-quarter net profit fell 49 percent to 1.64 billion euros ($1.87 billion) as the company's Mercedes-Benz luxury car business was buffeted by diesel woes and global trade conflict.

Revenue rose 7 percent to 46.6 billion euros and the company said demand for its pr

oducts remained strong.

The company's luxury car division, the…