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Daimler first quarter operating profits plunge as virus bites

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German car giant Daimler has reported a 78-per cent drop in preliminary first-quarter operating profits to 617 million euros (S$952.8 million), as the coronavirus wreaks havoc on production and sales.

[FRANKFURT AM MAIN] German car giant Daimler has reported a 78-per cent drop in preliminary first-quarter operating profits to 617 million euros (S$952.8 million), as the coronavirus wreaks havoc on production and sales.

The Mercedes-Benz manufacturer, which had already withdrawn its...

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