) reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.
Daimler said preliminary adjusted first-quarter earnings before interest and tax slumped 68.9% to 719 million euros while both vehicle sales and revenue would fall this year. Adjusted EBIT for Mercedes-Benz vehicles fell more than 56% to 603 million euros.
The most interesting part about car sales is there are still hundreds of thousands of people actually still buying new cars each month
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Source: Reuters - 🏆 2. / 97 Read more »