Daimler second-quarter weighed by restructuring, EBIT seen below 2019 levels

FRANKFURT (Reuters) – Daimler (DAIGn.DE) reported a consensus beating second-quarter operating loss of 1.68 billion euros ($1.91 billion) on Thursday and said it expected earnings before interest and taxes (EBIT) in 2020 to be lower than last year.

EBIT at the company’s core Mercedes-Benz Cars & Vans division is expected to be above prior-year levels, Daimler said.

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