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

By  |  February 5, 2015
EU: Daimler sees lower profit as antitrust funds are set-aside

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.

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    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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