ADVERTISEMENTREMOVE AD

Daimler Fined About $1 Billion for Cheating Emission Regulations

Daimler said it concluded that it was in the company’s best interest to conclude the proceedings and won’t appeal.

Published
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large

German prosecutors have fined Daimler 870 million euros ($957 million) over the alleged certification of diesel cars whose emissions didn't comply with regulatory requirements.

Prosecutors in Daimler's home city of Stuttgart said on Tuesday, 24 September that Daimler was fined over a negligent violation of supervisory duties.

Daimler said it had concluded that it was “in the company’s best interest” to conclude the proceedings and it wouldn’t appeal.
ADVERTISEMENTREMOVE AD

The company said prosecutors' finding that Daimler's alleged failings caused some vehicles to deviate from regulatory requirements from 2008 refers essentially to recall orders by German authorities. It said it is maintaining its objections against those orders "in order to get clarity also for the future."

Daimler said the fine won't cause any additional impact to its third-quarter earnings and it is maintaining its forecast.

(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)

Speaking truth to power requires allies like you.
Become a Member
Read More
×
×