September 25, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    daimler denza ev

    Daimler on Wednesday warned that the automaker faces a difficult second quarter as it increased credit risk provisions to expect rising delinquencies among consumers who leased or bought Mercedes-Benz passenger cars.

    The automaker reported 448 million euros in credit risk provisions to cover possible credit losses following the coronavirus pandemic which has caused global demand for passenger automobiles to stall.

    Daimler, the owner of Mercedes-Benz, is among the automakers that have halted production in their auto plants due to the spread of the coronavirus.

    Coronavirus has so far infected more than 3,141,981 people and killed more than 218,564 people worldwide.

    Daimler

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.