Mercedes-Benz maker Daimler, caught between slowing sales and increased investment in electric and self-driving cars, swung to a net loss of €1.33 billion
BERLIN—Daimler AG, the maker of Mercedes-Benz cars, said Wednesday that it would step up cost-cutting efforts in the second half of the year after reporting the company’s first quarterly loss in a decade.
Like other leading German auto makers, Daimler is caught between a slowdown in sales and an increase in investment to develop electric and self-driving cars.
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