Daimler shares fall sharply after the car maker issues a profit warning related to a recall of 60,000 vehicles
BERLIN—Shares of Daimler AG fell almost 5% on Monday after the maker of Mercedes-Benz luxury cars issued a profit warning late Sunday related to a government recall of vehicles suspected of manipulating diesel emissions.
Daimler lowered its full-year earnings outlook on cars and vans because of an expected increase in expenses relating to what it defined as ongoing governmental proceedings and measures regarding Mercedes-Benz diesel vehicles.
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