The Daimler Group has warned that tougher emissions rules in the EU will hurt its profits over the next two years. Daimler Group is struggling with falling profits as it looks to make a costly switch to electric vehicles. In the segment of vans and buses, the car manufacturer expects growth, and in the truck core markets a downturn.
The Daimler Group expects various commercial developments in the commercial vehicle segment in the future. In the course of further urbanization and the digitization of the trading business, the carmaker sees a growth field in the van business. In order to increase the competitiveness of Mercedes-Benz Vans, the material and personnel costs in this environment should nevertheless be reduced by 100 million euros.
As far as market share and profitability are concerned, the Daimler Group rank the Daimler Buses and Daimler Trucks North America (DTNA) business units among the best in the industry. Together, they would make up 55 per cent of sales. The profitability of Mercedes-Benz Trucks in Europe and Latin America –
Read moreMercedes maker Daimler targets €1 billion in savings with job cuts