FRANKFURT, Germany (AP) - Automaker Daimler AG is reporting a big jump in net profit in the second quarter thanks to gains from selling its stake in aerospace firm EADS.

FRANKFURT, Germany (AP) Automaker Daimler AG is reporting a big jump in net profit in the second quarter thanks to gains from selling its stake in aerospace firm EADS.

The company said Wednesday that net profit rose to 4.58 billion ($6.04 billion) from 1.56 billion in the same quarter a year before. Sales rose 3 percent to 29.7 billion.

The maker of luxury brand Mercedes saw a gain of 3.2 billion from disposing of its remaining stake in EADS, parent company of plane maker Airbus. Daimler made the move to concentrate better on its core auto business.

The flagship Mercedes-Benz Cars division, which also includes the Smart compact, saw operating earnings slip however due to a less profitable model mix and expenses for new technologies and vehicles.