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Daimler will quit building sedans in U.S. and Mexico

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Filed under: Earnings/Financials,Mercedes-Benz

2020-07-16T211253Z_1_LYNXNPEG6F1XO_RTROPTP_4_DAIMLER-RESULTS.jpg.jpg Daimler on Thursday said it will post an operating loss of 1.68 billion euros in the second quarter, pre-releasing earnings following a better than expected market recovery, the carmaker said. Daimler's adjusted earnings before interest and taxes (EBIT) as well as the adjusted earnings before interest and taxes at its Mercedes-Benz Cars & Vans are above market expectations, the Stuttgart-based company said in a regulatory statement. Daimler said it expected an EBIT loss of 1.68 bill

Continue reading Daimler will quit building sedans in U.S. and Mexico

Daimler will quit building sedans in U.S. and Mexico originally appeared on Autoblog on Thu, 16 Jul 2020 17:28:00 EDT. Please see our terms for use of feeds.

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