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Classics Daimler - car market is recovering towards normality

17:46  02 september  2020
17:46  02 september  2020 Source:   de.reuters.com

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The markets relevant for Daimler Trucks generally developed very disparately. In the second half of the year, demand in North America weakened The slight increase was due in particular to the noticeable recovery of the market in Brazil, ongoing strong demand in our important EU30 market

04 Key Figures. 05 Daimler and the Capital Market . Mercedes-Benz Cars Daimler Trucks Mercedes-Benz Vans Daimler Buses Daimler Financial Services. The Indonesian truck market seems to be recovering gradually after a long period of weak demand; compared with the weak

FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference © Reuters / Andreas Gebert FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference

Sindelfingen (Reuters) - After the loss-making first half of the year According to CEO Ola Källenius, the car business at Daimler is recovering from the Corona crisis.

"The market has clearly stabilized", he said on Wednesday in Sindelfingen with a view to the sales of Mercedes-Benz. In China, demand has improved rapidly. Europe and North America are not that far yet. "We have recovered from the free fall in the second quarter. Now we are moving back to normal."

The Daimler boss confirmed that he would push ahead with the austerity measures announced in 2019. In the coming years, the car manufacturer will continue to pursue the path to break even earlier. Daimler is planning staff cuts and wants to reduce capacities due to the slump in the car market due to the corona pandemic and the switch to electric cars. The Smart factory in Hambach, France, is sold. The sales negotiations with the prospective buyer Ineos are well advanced.

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The voluntary deal flies in the face of newly announced standards from the Trump administration. © Provided by Roadshow The four automakers will improve fuel economy by 3.7% year-over-year, rather than 1.5%. Irfan Khan/Getty Images The California Air Resources Board sealed a new deal with the four major automakers on the matter, Reuters reported Monday, after initially announcing their intentions this time last year. CARB did not immediately return Roadshow's request for comment on the deal's finalization.

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