Daimler Second-Quarter Profit Shrinks on Costs to Expand Lineup

Daimler Second-Quarter Profit Shrinks on Costs to Expand Lineup

Akos Stiller/Bloomberg

After opening a new plant Hungary in March, Daimler unveiled plans last week to double investment in a German small-car factory to 1.2 billion euros as it rolls out five new compact models to catch up with Bayerische Motoren Werke AG.