Daimler trims profit expectations on diesel issues

The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke

FRANKFURT (Reuters) – Daimler has increased provisions for issues related to diesel vehicles, the company said on Sunday, dimming the prospects for the carmaker’s second-quarter earnings.

The provision for “ongoing governmental proceedings and measures” will be a high three-digit million euro amount, the carmaker said.

Reporting by Tom Sims; Editing by Jan Harvey

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source: reuters.com