Daimler cuts dividend as lower sales, R&D costs hit Mercedes

daimler denza ev

Daimler slashed its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, due to trade wars, increasing costs for developing electric cars and an industry downturn that has dented even the most profitable automakers. Daimler stated the return on sales at Mercedes-Benz cars dropped to 7.3 percent in the fourth quarter from 9.5 […]