Correction to Daimler Market Talk Item
July 23 2014 - 9:44AM
Dow Jones News
The item "Daimler Downbeat on Latin America, Optimistic on India
-- Market Talk", at 1136 GMT, incorrectly referred to Daimler's
chief financial officer Bodo Uebber. It should have been Daimler's
head of trucks, Wolfgang Bernhard.
German auto maker Daimler assumes that the "economic weakness in
Latin America will last for a long time," says Daimler's head of
trucks, Wolfgang Bernhard, during a conference call to discuss
second quarter results. But the firm believes the new government in
India will use its strong majority to implement economic reforms
that could help stabilize the economy and benefit Daimler's truck
business. "The benefit for Daimler trucks from a recovery of the
Indian economy will be disproportionately higher," says Mr.
Bernhard. (william.boston@wsj.com)
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