Daimler earnings hit by trade tensions, emissions rules

Daimler earnings hit by trade tensions, emissions rules

6 years ago
Anonymous $RBasgWKaIV

https://phys.org/news/2018-07-daimler-tensions-emissions.html

The Stuttgart-based maker of Mercedes-Benz cars said it saw weaker prices for its luxury cars amid global tariffs. It also cited a fire at a U.S. supplier that caused a production shortfall, as well as unfavorable exchange rates and expenses to fix cars recalled for diesel emission problems.

The profit margin on sales at Mercedes, a key earnings metric, fell to 8.4 percent from 10.0 percent in the year-earlier quarter.