Daimler Truck Says It’s Reviewing China Operations
[Stay on top of transportation news: Get TTNews in your inbox.]
BERLIN — German commercial vehicle manufacturer Daimler Truck has announced it is reassessing the future of its operations in China.
As discussions continue, the company recorded a one-time, non-cash valuation adjustment of 180 million euros ($195 million) for receivables in the third quarter.
The adjustment does not affect Daimler Truck’s operational performance — adjusted earnings before interest and taxes and adjusted return on sales (ROS).
The company noted that all other preliminary and unaudited third-quarter key performance indicators are not subject to ad hoc disclosure and will be released along with the full third-quarter results on Nov. 7.
Want more news? Listen to today's daily briefing below or go here for more info:
