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Top-of-the-Line Tech Hits Automaker Bottom Line

The future looks bright, but today’s quarterly earnings are expected to be flat. Daimler recently announced that their profit growth would not hit quarterly earnings forecasts due to spending on new technologies like electric cars and autonomous vehicles. The announcement flagged the issue of profitability across the industry, with both investments and exchange rate challenges presented as marquee issues.

To read the story from Reuters, click here.