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Mercedes-Benz
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year. The maker of Mercedes-Benz vehicles suffered as customers shunned car and truck showrooms during coronavirus lockdowns and analysts said the slide in Daimler's valuation over the past year put more pressure on it to deepen alliances with rivals. Daimler said preliminary adjus
Continue reading Daimler's profit plunges 70% as coronavirus hammers sales
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Daimler's profit plunges 70% as coronavirus hammers sales
