Daimler saves euros to pay for EVs

Production troubles have marred Mercedes-Benz’s EQC electric crossover, seen in January at the Daimler factory in Bremen, Germany. Only 623 were registered in Germany since last spring. (BLOOMBERG PHOTOS)

March 01, 2020 05:00 AM

STUTTGART — When Ola Källenius succeeded Dieter Zetsche as Daimler CEO in May, the group was projecting a slight increase in operating profit and forecast an 8 to 10 percent return at its core Mercedes-Benz passenger-cars division by 2021.

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