Daimler will stop building Mercedes-Benz sedans in the U.S. and Mexico in an effort to cut costs and streamline production amid the pandemic. “The German automaker made the announcement when revealing that it is shaping up to post an operating loss of €1.68 billion (US$1.91 billion) in the second quarter,” said Carscoops. Furthermore, a decline in demand stemming from dealership closures and lockdowns has paved the way for a second-quarter loss of US$806 million for Daimler. (Source: Carscoops) Read the original article…
