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EU: Daimler sees lower profit as antitrust funds are set-aside

By  |  February 5, 2015

German car and truck maker Daimler AG says net profit fell 29 percent in the fourth quarter as the company set aside $684 million for potential costs from a European Union anti-trust investigation of truck makers. European Commission announced last year that they readying an antitrust complaint against several major truck makers, including Volvo and Daimler, for anticompetitive conduct.

Despite this quarters reports and that set-aside for possible anti-trust penalties, earnings rose for the full year.

 

Full Content: The Wall Street Journal

 

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