Clear. 72.1   F New York
AI-Powered News Summarizer
Top Stories

Daimler to pay $1.5 billion in emissions cheating settlement with the US

September 14, 2020. Summarized by summa-bot.

Mercedes-Benz's parent company, Daimler AG, has agreed to pay $1.5 billion in penalties and settlements to US and California state regulators in order to resolve allegations that its vehicles were rigged to cheat on diesel emissions tests.

(CNN)Mercedes-Benz's parent company, Daimler AG, has agreed to pay $1. 5 billion in penalties and settlements to US and California state regulators in order to resolve allegations that its vehicles were rigged to cheat on diesel emissions tests.

Engineers at the Environmental Protection Agency said they had found that the software in Daimler's (DMLRY) vehicles included software designed to cheat on emission tests.

The company agreed to an $875 million settlement with the EPA, the Department of Justice and the California Air Resources Board.

As part of the agreement, Daimler will be required to fix the more than 250,000 diesel-powered vans and passenger vehicles that it manufactured, imported and sold between 2009 and 2016 in order to bring them into legal compliance, and to mitigate the effects on the environment of the excess emissions the software allowed.

The total cost of the settlement is estimated by the agencies and Daimler to be about $1. 5 billion.

Daimler has not received a Notice of Violation (NOV) from the EPA or the CARB during this process," the company said in a statement.

Separately, lawyers representing plaintiffs in a class action lawsuit against Daimler for allegedly cheating on diesel emissions test announced details of a $700 million settlement with the automaker.

Despite the settlement, Daimler denies any wrongdoing.

"As stated in the consent decrees and the class action settlement, the company denies the authorities' allegations as well as the class action plaintiffs' claims and does not admit any liability to the United States, California, plaintiffs, or otherwise," the company said.

Summarizer is on Google News. Now you can get the latest AI summarized news on your favorite news platform.

Don't like Google News? We have an RSS Feed for you.

Suggestions