KRTL BioTech

Daimler's Mercedes sales drive higher but charges put brakes on profit

Daimler's Mercedes sales drive higher but charges put brakes on profit

Daimler reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off on more than 5 billion euros ($5.46 billion) in legal and restructuring charges.