FRANKFURT, Feb 19 (Reuters) - DaimlerChrysler said on Thursday it made a 0.1 billion euro ($127.5 million) provision in 2003 for the risk of losses due to the failed German road toll system but said its exposure could be higher.
"DaimlerChrysler believes that its maximum exposure to losses as a result of its involvement with Toll Collect could exceed the current recognised obligation," the company said in its annual report.
Toll Collect, the consortium charged with developing the system in which DaimlerChrysler holds 45 percent, had financial liabilities of 0.5 billion euros at the end of 2003, DaimlerChrysler said.
Germany on Tuesday cancelled its contract with Toll Collect, also owned by phone carrier Deutsche Telekom and France's Cofiroute , after the group missed two deadlines to introduce the system.