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00:00:00
trade rules are proving to be a very different story for two of the world's big carmakers Daimler earnings slumped by a fifth in the fourth quarter the maker of Mercedes Benz call cited the US China turmoil is one big reason , ballooning costs for developing electric and self driving calls the other earnings down to three billion dollars for the period well below analyst for costs , but it looks very different over at Toyota quarterly profit edged up at the Japanese giant it's actually saw sales rise in China even as the country's call market shrank for the first time since the nineteen nineties , companies Lexus luxury Brendan join particularly strong Damone Toyota also benefited from lower tariffs that compared to U. S. rivals , but both companies now some courses on the future Toyota has trimmed its forecast income for twenty nineteen die Miller says it expects only slight growth in unit sales and revenue it's now focused on making more money from each car sales food I'm about to chief executive teeth is that just as the company cannot be satisfied with current profit margins of about seven percent timeless as down as much as three percent in Wednesday tried