Takata’s airbag problems will seriously impact the Car division’s EBIT in 2016, and poor truck demand, primarily in Nafta but also in the Middle East, will push this division’s EBIT down. Takata’s airbag recalls will negatively impact the Car division’s EBIT by a ‘mid triple-digit’ million euro amount. Daimler will initiate a precautionary recall for those cars in the USA and Canada that are equipped with these airbags. The recall will take place betw
20 May 2016
Takata problems and poor truck sales justify profit warning
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Takata problems and poor truck sales justify profit warning
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
20 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Takata’s airbag problems will seriously impact the Car division’s EBIT in 2016, and poor truck demand, primarily in Nafta but also in the Middle East, will push this division’s EBIT down. Takata’s airbag recalls will negatively impact the Car division’s EBIT by a ‘mid triple-digit’ million euro amount. Daimler will initiate a precautionary recall for those cars in the USA and Canada that are equipped with these airbags. The recall will take place betw