Daimler happy despite sales dip
Carmaker Daimler has said its third-quarter results reflect good performance based on improving markets and strong products despite revenues being lower than the third quarter last year.
Group sales fell by 8% to 772,700 cars and revenue slipped by 7% to €40.3 billion.
Sales of Mercedes-Benz cars and vans decreased by 4% to 673,400 vehicles.
Harald Wilhelm, head of cntrolling/Daimler mobility, said: “Our strong product portfolio and the positive market recovery drove us to a good performance. We have successfully pushed forward our comprehensive efforts regarding cost control and cash management.
“With this momentum, we are on track to make our business more weatherproof. However, the transformation of Daimler is a long-distance race. We are keeping up the pace with focus and full discipline.”
The group expects sales and revenues for 2020 to be “significantly lower” than in the previous year but profits to be flat.
