5 days Daimler announces hefty earnings Manilatimes |Biz
BERLIN: German carmaker Daimler on Thursday (Friday in Manila) announced better than expected third-quarter results, citing an unexpectedly strong market recovery after sales were badly hit by the coronavirus pandemic earlier in the year. The auto giant’s third-quarter earnings, before interest and tax, hit 3.07 billion euros ($3.59 billion), thanks to “a faster than expected market recovery,” especially in September, the company said in a statement. The car industry has been battered by lockdowns across the world that shuttered factories, closed showrooms and kept customers at home for weeks on end earlier this year. Between April and June, Daimler ... more