EVs to Lag ICE Vehicles' Margins at First, Daimler Says

Newswire

* Daimler warns electric car shift may dent margin goal * Mercedes to offer electric motors for all models by 2022 * Smart brand to become fully electric by 2020 (Adds comments by CEO, head of R&D) By Edward Taylor FRANKFURT, Sept 11 (Reuters) - Daimler has set a new target of saving 4 billion euros ($4.8 billion) by 2025 to help offset the lower profitability of electric cars, which at first may only earn half the margin of equivalent vehicles with combustion engines. The ...

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