Daimler cuts dividend to free up cash for EV shift

The EQA electric crossover, which is based on the GLA, will be launched in the autumn, joining the larger EQC in Mercedes' expanding lineup of battery-powered cars. (Mercedes-Benz AG - Global Commun/Daimler AG)

By:

Staff and wire reports

February 11, 2020 09:14 AM

STUTTGART -- Daimler on Tuesday slashed its dividend as the company tries to cut costs and conserve cash to pay for an expensive shift to electric cars.

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