Daimler Cuts 2012 Profit Forecast After Quarterly Earnings Drop

Daimler Cuts 2012 Profit Forecast After Quarterly Earnings Drop

Jason Alden/Bloomberg

Daimler AG's Mercedes-Benz has been losing ground to Volkswagen AG’s Audi and Bayerische Motoren Werke AG in the luxury-car sales race as it invests in a new line of compact cars and prepares to overhaul its flagship S-Class sedan.