Mercedes production delays push Daimler's quarterly profits down by 16%

Sales of Mercedes-Benz cars fell 7%, partly because of manufacturing bottlenecks

Daimler’s quarterly operating profit has fallen by 16% as a €718m (£620m) one-off gain failed to offset the impact of falling sales in China and production delays at three Mercedes-Benz factories.

Sales of Mercedes-Benz cars fell 7% in the first quarter 0f 2019, partly because of manufacturing bottlenecks for the A-Class compact car in Aguascalientes, Mexico, the Mercedes-Benz van in Charleston, South Carolina, and the Mercedes-Benz GLE SUV in Tuscaloosa, Alabama.

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from US news | The Guardian http://bit.ly/2XJW60n