Daimler's second-quarter EBIT hit by coronavirus, restructuring costs

Daimlersaid on Thursday it will stop building Mercedes-Benz sedans in the United States and Mexico as part of cost-cutting measures to streamline production, after saying it will post a smaller-than-expected operating loss in the second quarter."Daimler pre-released better than consensus second-quarter numbers," Jefferies analyst Philippe Houchois said in a note late on Thursday.A slump in demand forced by dealership closures and lockdowns due to the coronavirus crisis pushed Daimler to report a