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7/8, 10:11 AM (Source: TeleTrader)
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Mercedes-Benz sales drop nearly 19% in H1

Daimler AG said on Wednesday that sales of its Mercedes-Benz brand plunged almost 19% to 870,000 units in the first half of 2020 due to the coronavirus pandemic.

However, the carmaker noted that Mercedes-Benz sales in China reached a record high in the second quarter as the country exited COVID-19 lockdowns.

Daimler added it expects global sales and group earnings before interest and taxes (EBIT) in the second quarter to have dropped significantly. The company is set to release its complete second-quarter results on July 23.

Breaking the News / NP