Daimler cuts dividend to free up cash for costly EV shift

Mercedes EQA web.jpg — The EQA electric crossover, which is based on the GLA, will be launched in the autumn, joining the larger EQC in Mercedes' expanding lineup of battery-powered cars. (Mercedes-Benz AG - Global Commun/Daimler AG)

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Staff and wire reports

February 11, 2020 10:46 AM

STUTTGART -- Daimler on Tuesday slashed its dividend as the company tries to cut costs and conserve cash to pay for an expensive shift to electric cars.

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