More gloom for car sector as Daimler and Lookers warn on profits

The Telegraph | Jul 12, 2019 at 1:10 PM
  • The barrage of bad news for the global car industry shows no signs of  letting up with both Mercedes Benz-owner Daimler and car dealer Lookers issuing profit warnings on Friday.
  • The alert from Daimler – the German car maker’s fourth in a year – revealed the upmarket automotive brand now expects profits to be “significantly below expectations” in the second quarter.