Daimler Board Calls on Managers to Realize Billions in Savings -Stuttgarter Nachrichten
September 23 2019 - 6:05AM
Dow Jones News
-- Daimler's executive board is dissatisfied with the car
maker's earnings and financial position and demands efforts to
compensate for billions of euros in headwinds in a letter to
managers, German daily Stuttgarter Nachrichten reports.
--The executives expressed the "expectation" for managers to
compensate for short-term headwinds of at least EUR4.2 billion, a
figure that equates to the one-offs that hit earnings in the second
quarter, according to the report.
Full story in German: https://bit.ly/2kqE0m6
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(END) Dow Jones Newswires
September 23, 2019 05:50 ET (09:50 GMT)
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