Car Today | Daimler reports Q3 results as CEO reportedly seeks cuts, cools on autonomy

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Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by sales of Mercedes-Benz cars, sending its shares higher, but announced cost cuts and warned legal provisions tied to diesel litigation could rise. Group earnings before interest and taxes (EBIT) rose 8% to 2.69 billion euros, up from 2.49 billion euros in the year-earlier period, boosted by an 8% rise in sales of luxury cars and solid cashflow. Daimler shares were up 4.1% in afternoon trading.

Continue reading Daimler reports Q3 results as CEO reportedly seeks cuts, cools on autonomy

Daimler reports Q3 results as CEO reportedly seeks cuts, cools on autonomy originally appeared on Autoblog on Thu, 24 Oct 2019 10:55:00 EDT. Please see our terms for use of feeds.

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October 24, 2019 at 08:25PM
Credits : www.autoblog.com

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