In the night from Thursday to Friday, Daimler and Mercedes-Benz reached an agreement in principle with the US authorities on the settlement of various lawsuits and claims following the diesel scandal.
This concerns approximately 250,000 passenger cars and commercial vehicles that would be equipped with tampering software that kept the car’s emissions artificially low during an emissions test. Daimler expects to spend at least around 2.5 billion euros (3 billion dollars). In the diesel scandal, the group faced, among others, the US environmental agency EPA, the Department of Justice and the California prosecutor.
Daimler has set aside about 1.27 billion euros for settlements with the authorities and another 592 million euros for handling lawsuits and attorneys’ fees. In addition, the German concern expects to need millions for claims. The total amount will affect the group’s annual figures for the next three years, Daimler expects.
Daimler has already been fined large amounts in Europe.