Daimler cut its 2013 profit forecast after its quarterly earnings fell 56 percent, burdened by Europe's slump and weaker Mercedes-Benz sales in China.First-quarter earnings before interest and taxes (EBIT) declined to 917 million euros ($1.2 billion) from 2.1 billion euros a year earlier, Daimler said today in a statement.
EBIT this year will fall rather than match last year's 8.1 billion euros ($10.6 billion) as previously predicted, the company said.
"In the first three months of this year, many markets developed worse than expected for economic reasons, especially western Europe," CEO Dieter Zetsche said in the statement.
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