Daimler Eyes Profit After Weathering Worst of Virus Crisis
- German automaker vows to further intensify cost-cutting
- Car industry faces deepest slump in decades amid Covid-19
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Daimler AG came through the worst of the coronavirus crisis better than feared and sees enough signs of recovery in auto demand to forecast a profit this year.
After Tesla Inc. managed to stay profitable even in the midst of a global pandemic, the Mercedes-Benz maker showed traditional carmakers could weather the storm as well.