German automaker Daimler AG and its US subsidiary Mercedes-Benz have agreed to pay $ 1.5 billion to the US government and California regulators as part of a friendly settlement of a dispute over the manipulation of data on the content of a harmful substances in the exhaust gases of the company’s diesel engines. This stated in the documents submitted to the court on Monday, September 14.
The U.S. Department of Justice, the U.S. Environmental Protection Agency (EPA) and the California Attorney General’s Office accuse Daimler AG of violating of the environmental laws, which involves the use of special software to circumvent emissions testing, and the sell about 250 thousand cars with diesel engines that did not comply with federal laws and regulations of the state.
The amicable agreement also provides that the concern will have to carry out maintenance of these vehicles in order to eliminate the defect. In addition, the company will pay $ 700 million to cover consumer`s claims.
In September last year, Daimler was fined in Germany for 870 million euros. According to the decision of the Stuttgart Prosecutor’s Office, the management of the automaker showed negligence, which led to the fact that since 2008 diesel cars have been put into operation, although the content of nitrogen oxides in their exhaust in some cases exceeded the norm.
In addition, the Stuttgart prosecutor’s office is conducting another investigation regarding a number of persons suspected of manipulating software on Daimler diesel cars.
The electronics company LG has completely stopped producing smartphones. The latest gadgets of this brand are Velvet 2 Pro and LG Rollable. These smartphones never hit the free market. And the rest of the models LG sells to its employees working in South Korea. By the way, the only factory that specialized in the manufacture […]Next
In the United States, the International Trade Commission (ITC) has banned Altria and Philip Morris from selling IQOS in the country. The Wall Street Journal reported this. The regulator has ruled in a patent case initiated by a competitor of the companies – R.J. Reynolds Tobacco Co. “Encroachment on our intellectual property undermines our ability […]Next
“Danone Ukraine” Company has launched a new production facility for the manufacture of milk food for babies of TM “Tema” at the state milk plant in Kremenchug. This was said to AgroPortal.ua by the press-service of the company. Investments amounted to 200 million UAH and the production capacity estimates at 700 tons per month, or […]Next
Apple employees opposed the corporation’s new rule, which requires them to work from the office at least three days a week from the fall. Verg, citing a letter from employees to the head of the corporation Tim Cook, reported this. The letter refers to the refusal of many employees to return to the office. The […]Next
Antimonopoly Committee of Ukraine has fined Ukrkurier in the amount of 430 thousand UAH for providing false information. On it informs Interfax Ukraine with reference to official information of regulator. According to the original source, it is talking about a flawed formulation that representatives of the company use on its official website in the description […]Next
In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]Next
On October 20, the Kyiv Art Gallery Tsekh hosted a presentation of the «Keep It Up!» project created by the artist and sculptor Yevgeny Petrov. The LDaily Business Edition became a media partner of this wonderful project, which highlights the theme of sport. The exhibition is currently open to the public and will be exhibited in the gallery until […]Next
Purchase and sale of an asset or share of the equity are generally associated with the participation of the foreign investor.Whether is it? Practically all agricultural companies in the market of Ukraine are financed from the external market. The name of each company speaks for itself: foreign abbreviations at the end. All this information you […]Next
Why “to speak about itself” is so important for any business? In the conditions of the competitive struggle for money of the buyer bright, attractive advertizing is the integral attribute of successful business strategy. What is the main secret how to make the prospective client purchase what you are offered to buy for him ? […]Next
The Prometey agribusiness holding company reconstructs the elevators and transport infrastructure around them. The Prometey company continues to follow the strategy of renovation and modernization of material-technical base at the expense of profit’s reinvestment. It is reported by the press service of the company. According to the message, in the 3rd quarter of this year, […]Next
Businessmen from Saudi Arabia are planning to invest $ 10.5 billion in the agricultural sector of Ukraine. This writes the “Novoe Vremya”, with reference to the Saudi newspaper Al-Watan. According to the report, a statement was made after the talks of the Ukrainian Ambassador in Saudi Arabia Vadim Vakhrushev with 25 Saudi businessmen. The meeting […]Next
The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank. “The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European […]Next
According to information provided by the consulting firm M & A Ukraine, last year was quite successful for the national business in terms of number of deals. Foreign investors have renewed their interest in the Ukrainian market and are willing to invest in its development. The apparent leader of the 2016 year in terms of […]Next
In the first six months of 2021, Ukraine’s trade increased by a quarter compared to the same period last year, according to the State Statistics Service. Thus, exports of goods and services increased by 25.5% and amounted to 34.870 billion dollars, and imports increased by 27.6% to 34.456 billion dollars. Thus, the positive balance of […]Next
On Friday, Buffett’s Berkshire Hathaway announced that it has lost $2 billion on its IBM investment. That’s 15% of the more than $13 billion worth of IBM’s stock that Berkshire has purchased over the past four-plus years. Berkshire says it is still committed to IBM, calling the downturn in IBM’s stock “temporary.” “IBM continues to […]Next
Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]Next