Daimler posts strong earnings as demand for cars rebounds

Filed under: Earnings/Financials,Mercedes-Benz

Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September. Third-quarter earnings before interest and tax reached 3.07 billion euros ($3.59 billion), Daimler said, beating the 2.14 billion Refinitiv forecast. To counter losses, Daimler's Mercedes-Benz has stopped building sedans in the United States to focus on more profitable SUVs, combined its fuel cell development with Volvo Trucks, and halted a

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Daimler posts strong earnings as demand for cars rebounds originally appeared on Autoblog on Thu, 15 Oct 2020 19:31:00 EDT. Please see our terms for use of feeds.

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