Daimler Issues Profit Warning on Diesel Woes, Shares Hit 5-Year Low

Date: 19 October 2018 - 21:14

News ID: ۵۸۶۸۳

FRANKFURT (Reuters) - German luxury carmaker Daimler AG issued a profit warning on Friday, saying that costs arising from "government proceedings and measures" concerning its diesel vehicles were mainly to blame.
Daimler said it expected its full-year earnings before interest and tax to be significantly below last year's level.
The company's shares fell to a five-year low on the news, and dragged down shares in other European carmakers.