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Daimler Cuts Profit Expectations Ahead Of Looming Trade War
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Daimler warns 2018 profit will drop because of the trade war and emissions clamp-down
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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