Daimler AG said recalling about 841,000 vehicles to fix potentially defective Takata Corp. air bags will cost the German automaker about 340 million euros ($384 million) and cut into the profit it reported last week for 2015.
The automaker will repair about 705,000 Mercedes-Benz cars and 136,000 Daimler vans, according to a company statement. The cost of replacing Takata’s air bags, already the largest consumer-safety recall in U.S. history, reduces group net income for last year to 8.7 billion euros from the 8.94 billion euros outlined on Feb. 4.
