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BERLIN— Daimler AG predicted significant growth for this year thanks to buoyant car demand in China and the U.S., despite a decline in profit in the fourth quarter because of charges.

Operating earnings will rise by more than 10% this year and sales by more than 5%, Chief Executive Dieter Zetsche said on Thursday.

Strong sales of Mercedes-Benz’s flagship S-class sedan and a full stable of new and refurbished models are helping Daimler’s car division catch up with rival German luxury car makers BMW AG and Audi AG .

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Daimler Eyes Growth in 2015 As Mercedes-Benz Launches New Models Amid Strong U.S. and Chinese Demand

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