Germany's Daimler lowers 2018 outlook, cites tariffs, diesel
Due to increased import tariffs for U.S. vehicles
21 June, 14:12The company said late Wednesday that it now sees fewer SUV sales and higher costs at its Mercedes-Benz Cars division than previously expected as a result of the tariffs, and "this effect cannot be fully compensated by the reallocation of vehicles to other markets." It added that earnings at the Mercedes-Benz Vans division will be hit by the recall of diesel vehicles.
(ANSA).