Daimler warns against diesel profits and airbag recall

BERLIN (AP) – German automaker Daimler expects its pre – tax profits to be significantly lower than those of 2018, after generating more money to face the consequences of its financial problems. diesel emissions and a recall of the airbags.

Friday's announcement pushed down Daimler shares, which were down 1.1% to 46.52 euros ($ 52.50) on the Frankfurt stock exchange at noon.

This is the second time that Daimler has lowered its profit forecasts in recent weeks.

The company said its flagship unit, Mercedes-Benz Cars, is expected to record a sales return of 3 to 5 percent, down from a previous estimate of 6 to 8 percent.

Daimler reserves an additional € 1.6 billion for "ongoing governmental and judicial proceedings and measures relating to Mercedes-Benz Diesel vehicles".

He added that his reserves related to the recall of Takata airbags would increase by one billion euros.