Daimler CEO Sees Trend Reversal for Mercedes-Benz in H2 -Wirtschaftswoche
September 02 2019 - 3:55AM
Dow Jones News
--Daimler Chief Executive Ola Kallenius expects a trend reversal
for the car maker's core Mercedes-Benz passenger cars unit in the
second half and doesn't see a long-term downward trend in global
auto markets, Wirtschaftswoche reports.
-- "We do not see the global automotive market in a prolonged
downturn," the German business weekly quotes him as saying, adding
that "it's true that global demand for passenger cars weakened in
2019. After the strong previous years and in view of the weaker
economic growth momentum, however, this is not entirely
surprising."
Full story in German: https://bit.ly/2lslwC5
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(END) Dow Jones Newswires
September 02, 2019 04:40 ET (08:40 GMT)
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