Truck manufacturer: Hundreds of millions in customs refund - Daimler Truck's profit increases by 73 percent
The truck manufacturer has had a good quarter. However, this is also due to special effects in considerable amounts - and this has to do with Donald Trump.
Daimler Truck, the world's largest commercial vehicle manufacturer, has benefited from tariff refunds from the US. The company reported claims for reimbursement amounting to a low three-digit million-euro figure, which significantly boosted its profit. In Q3, Daimler Truck's earnings before interest and taxes (Ebit) rose 73% to €1.1 billion.
The company's nine-month profit was 10% lower than the previous year's level. Daimler Truck produces vehicles in the US and Mexico for the North American market and has received refunds on vehicles assembled in Mexico with US components.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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