Daimler Truck, the commercial vehicle manufacturer, announced on Wednesday that its profit for the first quarter of this year plummeted by 80% compared to the same period last year. The company’s consolidated result fell sharply from 749 million euros to 149 million euros, a decline that analysts had already anticipated.
The significant reduction in profitability is attributed to several factors, including US import tariffs imposed on vehicles produced in Mexico for the US brand Freightliner. Furthermore, the US logistics sector has experienced a slowdown, which has resulted in decreased demand for new vehicles from freight companies.
Despite these current challenges, there are indicators suggesting a potential recovery. Specifically, the order intake in North America increased by 86% compared to the previous year, suggesting that a positive turnaround may be on the horizon.
