Profit down 80% at Germany's Daimler Truck as tariffs hit US business

NAMPA / DPA

2026-05-06

Berlin (dpa) - Profit at Germany's Daimler Truck fell 80% in the first quarter, the commercial vehicle manufacturer said on Wednesday, as weaker performance in North America weighed on results. Net profit dropped to ?149 million ($175 million) from ?749 million a year earlier. Revenue declined 13% to ?9.98 billion, while operating profit (EBIT) fell 71% to ?292 million from about ?1 billion in the same period last year. The DAX-listed company sai......

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Economy

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