Daimler Truck's Q1 Earnings Plummet, Tariffs Hit Hard

Daimler Trucks Q1 earnings take a hit, with adjusted EBIT plummeting to €498 million from €1.08 billion last year. Trucks North America, their key division, suffered a significant loss due to weaker volumes, currency fluctuations, and import tariffs, which cost at least €100 million. Despite this, Daimler remains optimistic about a rebound for the rest of the year, aiming for €3.2-3.7 billion in adjusted group EBIT and 6-8% return on sales for industrial business, assuming stable USMCA trade rules. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/22ebb37e6fa893cf