Daimler AG lowered its 2016 revenue forecast, citing weaker demand for trucks in North America and sparking concern that the automaker’s profit is set to whither.
Daimler predicted sales this year to be flat, backing off a previous forecast for a slight rise. The Stuttgart, Germany-based company stuck to a forecast of earnings this year being “slightly” higher than the 2015 tally of 13.8 billion euros ($15 billion). Worries about the future overshadowed a 10% rise in Daimler’s third-quarter operating profit to 4.01 billion euros, with the stock falling as much as 3.2%.
