More bad news from Daimler

[balthazar]

Fresh off the news that mercedes had to up their near-future employee firings by 50% by the year 2022 (from 10,000 to 15,000 employees)...

Daimler announced today their US truck [ class 8 ] orders fell 51% in 2019, with a 20% decline in Q4 2019 alone.

Overall, Daimler AG's 2019 sales were flat vs. 2018. Revenue edged up 3%, but profits plummeted from 7.6 billion in '18 to 2.7 billion in '19. Daimler cited increased expenses relating to the diesel emissions cheating scandal settlement and restructuring costs as contributing factors.

[David]

Yup, I would say there are hard times ahead for all auto companies.

[oldshurst442]

Must be because of the supremacy in turbocharging their engines rather than supercharging them...

[Robert Hall]

9 hours ago, oldshurst442 said:

Must be because of the supremacy in turbocharging their engines rather than supercharging them...

Maybe they need to turbocharge their supercharged engines, or supercharge their turbocharged engines...like Volvo does. 

[A Horse With No Name]

On 2/12/2020 at 8:14 AM, Robert Hall said:

Maybe they need to turbocharge their supercharged engines, or supercharge their turbocharged engines...like Volvo does. 

Or go fully electric.