) will deepen cost cuts because of an expected second-quarter operating loss and despite some signs of a recovery in demand for luxury cars, the chief executive said on Wednesday.
Despite the rebound in China, the business losses racked up in recent months would not be recovered by the end of the year, demanding more cost cuts, CEO Ola Kaellenius told shareholders. Daimler, which reports second-quarter results on July 23, said it expected a significant decline in sales for the period, a negative adjusted group operating profit and negative free cash flow in the industrial business.
Daimler cuts costs , frets over US - China dispute.
If everyone would just stay home for 3 weeks....but no...it’s a hoax they said.
I wish had one of this...
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