Daimler Records

Daimler Records Higher Net Income on Lower Revenue in Q3

The COVID-19 pandemic continued to affect severely the global economy, but Daimler said “a fairly dynamic recovery” began in May as restrictions were relaxed. That has continued in the third quarter — albeit “quite unevenly by region and sector.”Daimler Chief Financial Officer Harald Wilhelm
The third quarter showed the company’s “very strong performance and is further proof we are on the right path to reduce the break-even point of our company,” Daimler Chief Financial Officer Harald Wilhelm said during an online presentation.
He added the faster-than-expected market recovery for its vehicles compared with the second quarter “gives us confidence to push ahead both the strategic and operational side of the business.”
In the quarter, Stuttgart, Germany-based Daimler saw global truck sales tumble 25% to 94,141 units compared with 125,382 in the same 2019 quarter.
In North America, truck sales fell 22% to 41,755 in the quarter compared with 53,240.
Overall truck revenue fell to $10.9 billion compared with $13.5 billion.
#sales #dealers #dealership #parts #aftermarketparts #truckparts #fleetmaintenance #truckdrivers #truckingcompany #repairshop #transportation #trucker #business

No Tags

Relatest posts

volvo
MAXIM
AFTERMARKET SALES
FedEx driver
VOLVO ELECTRICAL
VOLVO TOP DEALER

Leave Comments

Book

QFP

Booklet

REWARD
TOP
X
0

Your Cart