Daimler warns of second quarter earnings significantly below expectations
Share:
FRANKFURT (Reuters) - Luxury carmaker Daimler warned investors on Friday that it expected a second-quarter loss, saying an increase in provisions for an extended recall in connection with Takata airbags was partly to blame.The carmaker warned investors that it expected a second-quarter loss before interest and taxes of 1.6 billion euros (£1.4 billion) after a 2.6 billion profit posted in the year earlier period, sending shares 2.5% lower at 0715 GMT.The news came after Daimler in June cut its..