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Daimler Trucks eyes strong second half but second-quarter challenging

(C) Reuters. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin,

FRANKFURT/PORTLAND (Reuters) – Daimler’s (DE:) truck division expects a strong second half of the year but second-quarter business remains challenging, its finance chief said, citing problems in the supply chain.

“Q2 will be challenging but we see a strong second half of the year,” CFO Jochen Goetz said on Wednesday at an analyst conference in Portland, Oregon. “We are currently facing some problems on the supply chain, we will not lose a single truck but some (trucks) might be invoiced in Q3,” Goetz said. A new efficiency programme will not be needed, Goetz said, adding the truckmaker will focus on executing its previous savings plan and aim to lower costs by 1.4 billion euros (1.2 billion pounds) as planned by 2019.

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