DAIMLER'S LUXURY SHEEN SHOWS CRACKS AFTER FOURTH PROFIT
WARNING
Barely three weeks ago, Daimler AG dialed back profit
expectations for the year. The move was seen as a housekeeping
exercise to allow Chief Executive Officer Ola Kallenius to start
with a clean slate. But on Friday, the Mercedes-Benz maker cut its
earnings outlook again—the fourth warning in just over a
year—suggesting an alarming degree of disarray at the
world's biggest producer of luxury cars at a time when slowing
sales and huge investments in new technology are testing the
industry.
Source: Bloomberg
PREPARE FOR STICKER SHOCK IF YOU HAVEN'T SHOPPED FOR A NEW
CAR LATELY
Are you gearing up to browse new cars for the first time in a
long while? If so, be ready to open your wallet a lot wider. With
the average age of new-car trade-ins—excluding leased
autos—at just over six years, a shopper whose last purchase
was in 2013 could suffer some sticker shock. Last month, buyers
paid an average of
