Daimler Expects Positive 1Q Margin for Mercedes-Benz
April 08 2020 - 12:59PM
Dow Jones News
Daimler AG expects to post a positive margin for its
Mercedes-Benz cars and vans division in the first quarter, Chief
Finance Officer Harald Wilhelm said in an analysts conference
Wednesday.
The buses and trucks division also achieved a positive margin,
he added.
Separately, Daimler said sales of its Mercedes-Benz brand cars
tumbled in the first quarter, as factories closed due to the
coronavirus. However, it added that there are now signs of recovery
in China.
"In China and South Korea, our dealerships are fully open and we
see a significant increase in demand there. That gives us
confidence," said Britta Seeger, the company's sales chief, in a
statement.
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(END) Dow Jones Newswires
April 08, 2020 12:44 ET (16:44 GMT)
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