Daimler CEO optimistic for car demand in the second half of the year

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Daimler has had to lower its annual targets twice since Källenius took off in May. After the first seven months of the year, Mercedes-Benz, including the small car brand Smart, sold 1.39 million cars, a decline of 2.8 percent compared to the same period last year.

The German auto industry is currently in crisis. The Daimler boss, however, was confident. "We do not see the global automotive market in a prolonged downturn," Källenius said. "It's true that global demand for passenger cars weakened in 2019. However, after the strong previous years and in view of the weaker economic growth momentum, this is not completely surprising."



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