Daimler’s operating profit to fall due to crackdown on diesel

Daimler

Daimler stated its operating profit would decrease by over 10 percent this year, its second earnings warning since June, putting blame on “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. Daimler cautioned investors it expected its full-year earnings prior interest and tax to be “significantly below” 2017’s […]

Daimler lifts profit projections as Mercedes’ sales accelerate

daimler denza ev

German luxury vehicle producer Daimler raised its projections on Wednesday, forecasting a substantial increase in operating revenue this year after a rise in sales of Mercedes-Benz luxury automobiles and sports utility vehicles, enhanced by the launch of new models. Daimler stated it now expected substantial development in volume sales, revenue and group earnings prior to […]