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News 1.9 billion euros to avoid lawsuits: Daimler wants to enclose diesel proceedings in the USA with comparisons

22:50  13 august  2020
22:50  13 august  2020 Source:   tagesspiegel.de

2020 Triumph T120/T120 Black

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The group had reached an agreement with the US environmental authorities on the comparisons. Around 250,000 car owners are affected.

Daimler will VW-Skandal mit Vergleich beilegen. © Photo: Marijan Murat / dpa Daimler wants to settle the VW scandal with a comparison.

With two comparisons worth billions, the automaker Daimler wants to settle the main proceedings in the diesel affair in the USA. There were fundamental agreements with authorities as well as with the representatives of a large consumer class action, which would cost the company around 1.9 billion euros, Daimler announced on Thursday.

This would settle civil and environmental claims "in connection with emission control systems for certain diesel vehicles". According to the information,

is about 250,000 cars and Vans . In order to meet various requirements from the comparisons, Daimler expects additional costs in the mid three-digit million range.

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has reached an agreement with the environmental authorities EPA and CARB, the environmental department of the Ministry of Justice and the customs and border protection authorities. There are no criminal investigations that have been ongoing in the USA since 2016 against Daimler in connection with the diesel affair. The group did not provide any information on the content of the comparisons.

"With the planned comparisons, the company is taking an important step towards creating legal certainty in various diesel proceedings in the USA," said Daimler. The executive board and supervisory board of the car manufacturer have approved the plans. The US authorities concerned and also the competent courts still have to do this, only then will the settlements take effect.

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“The company has fully cooperated with the US authorities and is continuing this cooperation,” Daimler continued. Accounting provisions have been made for the expected costs. In the past, the group had set aside large sums of money for diesel processes around the world. For this reason, among other things, the 2019 result collapsed dramatically. The Stuttgart public prosecutor also imposed a fine of 870 million euros on Daimler last year.

Fiat Chrysler and Volkswagen had also negotiated settlements in the diesel affair in the USA in order to settle the proceedings.

VW in particular had to dig much deeper into its pockets. (dpa)

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