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Daimler Cuts Profit Expectations Ahead Of Looming Trade War

29 days ago   |   By

Good morning! Welcome to The Morning Shift , your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories that are your air, that you need to know to live.
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Daimler warns 2018 profit will drop because of the trade war and emissions clamp-down

Daimler warns 2018 profit will drop because of the trade war and emissions clamp-down

29 days ago   |   By

REUTERS/Mark Blinch
Daimler warned on Wednesday that its 2018 earnings before interest and taxes would be a bit below last year.
The automaker blamed the trade war and emissions clamp-down.
Daimler's vans division will get hit the hardest.
- Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.
Daimler earnings before interest and taxes would now be slightly below the previous year's level, rather than slightly above, the company said in a regulatory...
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