The Social Trading Depot: Alexander Kovalenko, Bavarian Fortune
Heard on Friday the Daimler share to the biggest daily winners in the Dax. The trigger for the price jump was the announcement that the group wanted to save about two billion euros in personnel costs. Such measures can be seen from two sides. The fact is, however, that the people of Stuttgart have to work massively on their profitability.
The management’s new focus on the luxury segment and the planned streamlining of the model range are also positive. An additional problem is the fact that the carmaker has neglected the electromobility trend for too long. All of these known factors are priced into the current stock price.
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