Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter as the coronavirus outbreak slashed sales of the company’s cars, vans, buses and trucks by about a third. Based in Stuttgart, Daimler AG suspended production in March, April and May as the pandemic and related countermeasures slowed economic activity around the world. Vehicle sales fell by 34 percent to 542,000 from 822,000 in the year-ago period. Kallenius said that the company was seeing strongest demand in higher price categories, an area where it will renew its flagship Mercedes offering, the high-end S-Class sedan. A new version of the vehicle is coming this fall and is already being teased with online presentations.

Source: The Standard July 23, 2020 15:02 UTC