Daimler has made a loss of €1 million from KAMAZ

Daimler has made a loss of €1 million from KAMAZ

Prime – German car manufacturer Daimler has made a loss of €1 million from its participation in Russian truck manufacturer KAMAZ, during the first three quarters of 2014. The company had made €12 million profit from the partnership, during the same period of the previous year.

According to Prime, Daimler has profited €1 million from KAMAZ within the last quarter. However, this amount did not suffice to compensate for the losses of the two previous quarters.

Daimler controls 15% share of KAMAZ.