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Old 10-24-2020, 03:55 PM   #1
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Default Daimler rebounds after lockdowns, raises outlook as car sales recover

Filed under: Earnings/Financials,Mercedes-Benz
Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings. Highly profitable vehicles such as the GLA, GLB and GLS sport-utility vehicles boosted earnings, as did the economic recovery in China, said CFO Harald Wilhelm.Continue reading Daimler rebounds after lockdowns, raises outlook as car sales recover
Daimler rebounds after lockdowns, raises outlook as car sales recover originally appeared on Autoblog on Fri, 23 Oct 2020 08:23:00 EDT. Please see our terms for use of feeds.


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