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According to Reuters, Daimler said Mercedes-Benz sales fell by about 19 percent to about 870,000 cars in the first half of the year, although the brand achieved best sales. For the second quarter of the year so far in China.
Chief Executive Officer First Calinius told shareholders that despite the recovery in China, the company's losses that have increased in the past months will not be recoverable by the end of the year, which requires more Cost reduction.
Daimler, whose results are to be announced for the second quarter of July on July 23, said it expects a significant drop in sales during this period and operating profit for the group adjusted for negative and flows Negative free liquidity in the industrial sector.
The company expects that it will take a long time to return to levels before the Corona Virus crisis. Calinius pointed to the International Monetary Fund's expectation that this year will record the worst global recession in nearly a century.
He said the group's sales, revenue and profits will likely be lower this year, compared to 2019, adding that Daimler could increase production quickly once demand recovers again. >
Calinius said global retail sales of cars had actually increased in June, slightly from the previous year’s level again.
