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German automotive concern Daimler in the first quarter reduced its net profit by 11% in annual terms to 2 billion 270 million euros. EBIT fell to 3.3 billion euros from 3.8 billion euros a year earlier. Sales of cars grew by 7% to 806 thousand 900 cars. Sales growth of Mercedes-Benz Cars increased by 5%, of the Daimler Truck unit – by 21%, of Daimler Buses – by 6%, of Mercedes-Benz Vans – by 7%. In the Mercedes-Benz Cars division EBIT amounted to 2 billion 60 million euro, increased by 3% mainly due to higher sales of the S-Class cars and the Mercedes-Benz SUV. EBIT in the Daimler Buses and Mercedes-Benz Vans units declined by 49%, in Daimler Truck unit - by 2%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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