Daimler Mobility adds $487M for future losses in Q1 | Auto Finance News | Auto Finance News

Daimler Mobility adds $487M for future losses in Q1

Photographer: Alex Kraus/Bloomberg

Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first quarter in anticipation of an economic downturn and rising delinquencies, the company noted during its earnings presentation today. “In order to take early account of the deterioration in forecasts by economic institutes and anticipated rising delinquencies as a result of […]

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