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Daimler says has made provisions for 1 billion euro anti-trust fine

Reuters

FRANKFURT (Reuters) - German truck maker Daimler (DAIGn.DE) on Tuesday said it had made provisions to cover a billion-euro (£839.2 million) cartel fine imposed by the European Commission.

EU antitrust regulators handed down a record 2.93-billion-euro (£2.4 billion) fine on truck makers Daimler, Paccar (PCAR.O), Volvo/Renault (VOLVb.ST)(RENA.PA) and Iveco (CNHI.MI) for taking part in a cartel related to emissions-reducing technology.

"We can confirm that a settlement has been reached with the EU Commission in the antitrust investigation. The fine that has been imposed (on Daimler) amounts to approximately 1.009 billion euros," Daimler said in a statement, adding that it had made provisions to cover the fine.

Last week, Daimler said it had set aside 400 million euros to cover unidentified legal costs.

Daimler has already set aside 600 million euros to cover the trucks fine.

(Reporting by Edward Taylor; Editing by Maria Sheahan)