One-off and diesel issue costs hammer Daimler
Luxury carmaker seeks further cost cuts after second-quarter operating loss of €1.56bn
24 July 2019 - 10:37
Frankfurt — Luxury carmaker Daimler says it will intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a €1.56bn loss before interest and taxes in the second quarter.
The German company said €4.2bn in one-off expenses contributed to the operating loss in the quarter, compared with a €2.6bn profit in the same period in 2018. ..
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