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Daimler Truck expects 6-8% return on sales in 2021 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Daimler AG sign can be seen at IAA Truck Show in Hanover (Germany), September 22, 2016. REUTERS/Fabian Bimmer/File photo

BERLIN (Reuters:) Daimler (OTC): Truck will be spun off of Daimler Dec. 10. The commercial vehicle manufacturer said Thursday that it forecasts a return of 6-8 percent in 2021 and aims for a return of 9% in Asia, and 12% in North America by 2025.

Daimler Truck announced that it is working faster than anticipated to achieve a 15% reduction in fixed costs from current levels by 2025. It will probably be done by 2023.

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