Mercedes-parent Daimler warns the costly transition to electric cars is forming a triple-threat to future profits

Mercedes-parent Daimler warns the costly transition to electric cars is forming a triple-threat to future profits

Mercedes-builder Daimler anticipates its transition to electric vehicles will further squeeze profits until 2022, Bloomberg reported Thursday.The margin headwinds call for job cuts and capped development spending, CEO Ola Kallenius said at hi…
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