Daimler posts strong earnings as demand for cars rebounds,

Daimler posts strong earnings as demand for cars rebounds,


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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 aContinue reading Daimler posts strong earnings as demand for cars rebounds
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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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

Continue reading Daimler posts strong earnings as demand for cars rebounds

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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