Daimler Fourth-Quarter Tempered By Weaker Mercedes Earnings As Tariffs Hit

www.oann.com | 2/6/2019 | Staff
STUTTGART (Reuters) – Daimler said its fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars.

Earnings before interest and tax (EBIT) dropped to 2.67 billion euros ($3.04 billion) in the fourth quarter, falling behind analyst expectations of 2.92 billion euros.

Mercedes-Benz - Tariffs - Vehicles

Mercedes-Benz said increased tariffs on vehicles...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!