By Giulia Petroni 
 

Daimler AG (DAI.XE) said Friday that the unit sales of its Trucks business decreased in 2019 due to a weak market environment, adding that it has already adopted measures to improve profitability.

The German luxury-car maker said that between January and November 2019 the business made sales of about 446,800 units, down 4% compared with the year-earlier period.

The company attributed the fall to a significant decline in core markets such as the U.S., Canada, Mexico, Europe and Japan and said it has initiated "extensive structural measures" to increase its margin to at least 7% by 2022.

"Important markets such as Europe and North America weakened faster than expected in the second half of the year," said Martin Daum, chairman of the board of management at Daimler. "We are not at all satisfied with our return on sales in 2019," he said.

Daimler will release its full-year figures on Feb. 11, 2020.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

January 03, 2020 05:07 ET (10:07 GMT)