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Daimler warns of Airbus related losses

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Daimler warns of Airbus related losses

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Daimler has said it may have to take a significant charge in the current business year because of losses by Airbus on the A400M military transport plane.

The German luxury carmaker holds 22.5 percent of the votes in Airbus’ parent company EADS.

In its 2009 annual report, Daimler warned of a potential heavy non-cash accounting loss by the end of this month from writedowns by EADS.