(Bloomberg) — Daimler AG expects to generate an operating profit this year, after second-quarter results signaled the maker of Mercedes-Benz cars weathered the unprecedented industry slump better than feared.Daimler anticipates earnings before interest and taxes and free cash flow to be positive in 2020 but lower than last year, the Stuttgart, Germany-based manufacturer said Thursday in a statement. It previously forecast deliveries, revenue and profit for the group to decline in 2020.“We are now seeing the first signs of a sales recovery,” Daimler Chief Executive Officer Ola Kallenius said. The company said the outlook is based on an assumption that …read more
Source:: Yahoo Finance
