Daimler will pay 1.9 billion euros as part of the settlement agreement on the diesel scandal

Daimler will pay 1.9 billion euros as part of the settlement agreement on the diesel scandal

August 14, 2020 0 By autotimesnews

Daimler was able to reach a “principle agreement” with the US government to pay almost 1.9 billion euros, which is stipulated by the settlement of the diesel scandal.

According to assumptions, the German concern will spend 1.27 billion euros on the deal with the government, and the company will have to pay 592 million euros to settle the class civil action. “After some deliberation, Daimler came to an agreement on these deals,” say representatives of the auto concern.

The diesel scandal, initially unfolding around the VW corporation, began in 2015. Then it was possible to find out that the manufacturer’s machines had software, thanks to which the indicators of the content of harmful substances in the exhaust gases were underestimated.

However, in fact, they were much higher than the permissible maximum level of air pollution.

In addition, it was previously noted that the German automobile concern Daimler will stop producing sedans in the United States and Mexico. The automaker is taking such a step as part of cost-cutting measures to optimize the production process.