Daimler abandons profits target after poor earnings

German carmaker Daimler has warned that profits this year will be lower than last year's as it reported a sharp fall in earnings for the last three months. Lower European sales and problems in China had led to a 60% fall in first-quarter profits to 564m euros (£480m). via Pocket http://www.bbc.co.uk/news/business-22279502#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa