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News Diesel scandal: Daimler will pay $ 2.2 billion in the United States

01:06  14 august  2020
01:06  14 august  2020 Source:   lexpress.fr

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Daimler has reach settlements in the United States totaling $ 2 . 2 billion (€1.86 billion ) The carmaker faced civil and environmental claims over emissions Under terms of the deal, Daimler will pay .5 billion (€1.27 billion ) to US authorities, plus another 0 million to settle a consumer class lawsuit.

The German automaker Daimler said Thursday that it had agreed to pay $ 2 . 2 billion to settle accusations that Mercedes-Benz cars and vans Volkswagen misled American investigators for more than a year before it admitted that diesel vehicles sold in the United States were programmed to

The German automobile group Daimler will pay $ 2.2 billion in the United States as part of the scandal of rigged diesel engines.

Daimler a indiqué que l'impact de ces frais de dédommagements se ferait sentir sur sa trésorerie pendant trois ans. © afp.com/John MACDOUGALL Daimler indicated that the impact of these compensation costs would be felt on its cash flow for three years.

This $ 2.2 billion amicable compensation agreement breaks down into an envelope "of approximately $ 1.5 billion" intended for the American authorities and another of $ 700 million to settle collective complaints and legal and legal costs, manufacturer said in a press release.

On the authorities side, it involves several American administrations, both in California, where the first complaints were filed, and at the federal level, in particular the Department of Justice and the customs services.

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Daimler will need over a billion euros on top of the €1.6 billion it already set aside to cope with the fallout of an emissions cheating scandal . Regulators in the US weren't the only ones investigating VW. Authorities in Lower Saxony, the German state in which VW is based, were also scrutinizing the

important step towards legal certainty with respect to various diesel proceedings in the United States ,” it said in a statement. The scandal triggered a global backlash against diesel vehicles that so far has cost VW 30 billion euros It expects to pay about 0 million to settle a class action lawsuit

READ ALSO >> Dieselgate: Volkswagen has reimbursed 9.5 billion dollars to its American customers

Regarding collective complaints, the arrangement finally reached concerns some 250,000 vehicle owners in the United States. It has yet to be validated by a US court.

Daimler indicated that the impact of these compensation costs would be felt on its cash flow for three years, especially over the next twelve months, but claimed to have set aside enough money to meet them on an accounting level.

In total, at the end of 2019, Daimler had provisioned some 5 billion euros to face its legal risks in the world on the scandal of faked emissions of diesel engines.

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