Pursuits
Daimler Sees Improved Second-Quarter Earnings on Cost Cuts
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Daimler AG Chief Executive Officer Dieter Zetsche said earnings have improved in the second quarter as new models win buyers and the Mercedes-Benz car unit reduces costs faster than anticipated.
“We are progressing better than expected” with a two-year spending-cut program, Zetsche said today at an event in Sindelfingen, Germany. “We will see a positive earnings development in the second quarter.”