Daimler will pay $ 1.5 billion under a settlement agreement in the United States

News

Daimler will pay $ 1.5 billion under a settlement agreement in the United States

16.09.2020 News

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.

Other articles

Read also

Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

The NBU named the reasons for hryvnia rate fluctuations

Last month, the demand for foreign currency increased and the hryvnia exchange rate adjusted. This is stated in the macroeconomic and monetary review of the National Bank in June. It is noted that for most of June 2021 in the foreign exchange market supply exceeded demand. This took place against the background of favorable external […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Telegram has placed $ 1 billion worth of bonds

Telegram Group of businessperson Pavel Durov placed five-year convertible dollar bonds on the market for the first time and raised $ 1 billion. The bond rate was 7% per annum, Forbes reported on Monday, March 15, citing one of the executives involved in the placement. “Holders of Telegram bonds will be able to convert them […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Hong Kong suspended the use of Pfizer vaccine

The Hong Kong administration “until further notice” canceled all orders for the purchase of coronavirus vaccine from Pfizer and BioNTech, and stopped using it for vaccination in all two dozen locations in the city, according to the South China Morning Post. This happened after the distributor of the drug in the region of Fosun Pharma […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Ukrenergo received a billion dollars in losses for the year

According to the results of 2020, Ukrenergo’s loss amounted to almost UAH 27.5 billion against UAH 1.86 billion profit a year earlier. This is evidenced by a report in the information disclosure system of the NSSMC. According to him, last year the company’s net income increased 2.2 times (by UAH 31.9 billion) to UAH 58.250 […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

The AMCU fined Tedis Ukraine 274 million hryvnias

On Wednesday, March 17, the Antimonopoly Committee decided to fine the distributor of tobacco products Tedis Ukraine 274.2 million hryvnias, the press service of the Antimonopoly Committee of Ukraine reports. The reason for this decision was the company’s failure to fully implement the decision of the committee from 2016 (paragraph 4 of Article 50 of […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Merry Christmas!

Editorial office of the analytical business periodical LDaily congratulates readers and colleagues. Let this family winter holiday will bring warmth to your home, give the happiness and well-being to your family and loved ones. From the whole team of our magazine we wish you to leave behind all the troubles and sorrows. Start the year […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

The head of Pfizer did not get to Israel because he was not vaccinated against the coronavirus

Pfizer CEO Albert Burla has postponed a visit to Israel because he has not yet been fully vaccinated against COVID-19. Burla himself and members of the delegation have not yet received a second dose of the vaccine. The Pfizer spokesman stressed that they are still interested in visiting Israel. Now the visit can be postponed […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Gallery Portal11 presents exhibition by Astian Rey “Gold and Rust”

Gallery Portal11 presents exhibition by Astian Rey “Gold and Rust” at str. Triokhsviatytelska 11 Kyiv  02.07.2021 – 02.07.2021 “Gold and Rust” is an exhibition by Kyiv artist Astian Ray, who became one of the winners of the Portal 11 Art Prize 2020. Gold and rust are two mutually exclusive concepts that underlie the structure of […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Amazon is releasing a fitness tracker and Halo subscription

Amazon is beginning the expansion in the fitness tracker market with the release of its first Halo fitness tracker and fitness app. The offer from Amazon will compete with the existing world leader in the device market – Apple’s smart watch – Apple Watch, with a fitness tracker and a smart watch from Fitbit, which […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Antimonopoly Committee of Ukraine has approved a deal to merge domestic producer “Farmak” with the Polish company KWW Kotkowski

The Antimonopoly Committee of Ukraine allowed domestic pharmaceutical manufacturer “Farmak” to buy a Polish pharmaceutical company KWW Kotkowski Wierzbicki W?grzyn sp.j. “PJSC “Farmak” (Kiev) received the permission for indirect [through the company “Farmak Invest Limited” (Nicosia, Cyprus)] acquisition of shares in the authorized capital of the company “KWW Kotkowski Wierzbicki W?grzyn sp.j.”, which provides excess […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Poland will issue another five thousand transportation permits for Ukraine

At a meeting of the Joint Commission on International Road Transport Union, Ukraine and Poland agreed to allocate 5,000 additional permits for Ukrainian carriers for 2020. Vladyslav Kryklii, the head of the Ministry of Infrastructure announced it on Friday, November 20 on his Facebook page. “Our carriers will receive the first permits in early December. […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

The international manufacturer of raw materials for confectionary industry built a plant in Ukraine

The international manufacturer of goods  and raw materials in the bakery, patisserie and chocolate sectors Puratos built a plant in Odessa region. “Puratos will launch its own production of ingredients for the baking and confectionery industry in the Odessa region “, – said in the statement. The business of the company focused on meeting the […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Lifecell sold towers to the Ukrainian sister company for $ 52 million

Mobile operator lifecell sold its sister company telecommunication towers in Ukraine.  The Ukrtower Company will pay minimum $ 52 million plus taxes for  811 objects. This is stated in the message of the owner of the company – Turkish Turkcell Holding. According to the report, the resolution on the transaction was carried by the Turkish […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Bank of Japan will conduct the tests of digital currency

The Bank of Japan has announced plans to begin experimenting with the digital currency early next fiscal year. At the first stage, it is planned to test the main functions of the digital currency, including the methods of its issuance and circulation. The second stage involves additional technical experiments. The Bank of Japan may then […]

Next
Daimler will pay $ 1.5 billion under a settlement agreement in the United States
News

Russia resumed construction of Nord Stream-2

Russia’s pipelayer Fortuna has resumed work on laying the Nord Stream-2 gas pipeline in Germany’s exclusive economic zone, DPA reported, citing the press service of the Nord Stream 2 AG project operator on May 23. “Fortune is currently operating in German waters in accordance with existing permits and with statements made by the authorities,” the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com