Daim­ler’s Gloomy Out­look

Diesel World - - News -

Re­cently, Ger­man au­tomaker Daim­ler AG low­ered its 2018 earn­ings out­look in light of the newly im­posed U.S. im­port tar­iffs in China and the re­call of thou­sands of diesel-pow­ered vans. Ac­cord­ing to Daim­ler, as a re­sult of the new tar­iffs, it ex­pects to see lower SUV sales along with higher costs at its Mer­cedes-benz car divi­sion than were pre­vi­ously fore­cast. Daim­ler also be­lieves its Mer­cedes-benz van divi­sion earn­ings will be sig­nif­i­cantly hurt due to the re­cent re­call of at least 6,000 Vito de­liv­ery vans. How­ever, al­though Daim­ler ex­pects to see lower full-year earn­ings be­fore in­ter­est and taxes in 2018, the com­pany stated the amount will only be slightly lower than 2017’s to­tal.

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