Daimler preliminary quarterly profit falls 78% on virus impact

04/22/2020

(Reuters) – German luxury carmaker Daimler AG (DAIGn.DE) on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78% to 617 million euros, following disruptions caused by the coronavirus pandemic.

The company said it also expects total unit sales and revenue for 2020 to be lower compared to last year.

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Daimler preliminary quarterly profit falls 78% on virus impact

Meati Foods, plant-based protein producer, to cut 20% of its positions

NPR C.E.O. to Retire at Year’s End

Mohamed al-Fayed, Tycoon Whose Son Died With Diana, Is Dead at 94