Daimler lost $2.2 billion in Q2 but sees signs of recovery

Daimler lost $2.2 billion in Q2 but sees signs of recovery

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Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros ($ 2.21 billion) in the second quarter as the coronavirus outbreak slashed sales of the company’s cars, vans, buses and trucks by about a third. CEO Ola Kallenius said Thursday it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery.” Based in Stuttgart, Daimler AG suspended production in March, April and May as the pandemic and related cou

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Daimler lost $ 2.2 billion in Q2 but sees signs of recovery originally appeared on Autoblog on Thu, 23 Jul 2020 08:28:00 EDT. Please see our terms for use of feeds.

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