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.
Skype Limited company reported about additional service start within the Skype application of the same name. OpenDataBot is a program which is directed to monitoring of information of the entities state registry and operational informing owners on entering of any changes into the register. In other words: service is expected counteraction to raid. It is […]Next
On November 9, 2016, the Economic court of Kiev made the decision about Bank Delta illegal assets transfers . It bears remaining, in March the National Bank of Ukraine has published information that Delta Bank is the bankrupt. The agreement of an Oschadbank mortgage signed on more than 400 million hryvnias 6 years ago. In […]Next
The Italian Antimonopoly Authority has announced that investigating allegations of fairness and improper commercial practices of Apple’s cloud services, Google and Dropbox. Along with the recent investigation into alleged fixing of prices, Italy’s antitrust regulator has said, that separately examines how companies, including Apple, manage their business in the cloud services in the country. According […]Next
Many Ukrainian investors and businessmen have a great interest in working abroad. They dream of having their own business, but many of them have a lot of questions about how to start and organize their work abroad? They don’t have sufficient knowledge regarding law and special procedures for the organization of business. For those who […]Next
Lactalis dairy products manufacturer has signed an agreement with the Italian company Parmalat – one of the main competitors of the French group in Europe. According to official information, it is about the acquisition of more than 12.2% of the shares of Parmalat: the value of one security is 2.8 dollars per piece. It should […]Next
The attractiveness of Ukraine for many foreign investors has been very high and still remains so. However, due to a number of circumstances, the business climate is not yet conducive to the inflow and growth of investment. The main investors in Ukraine are the Netherlands, Germany, the Russian Federation, Austria, the United Kingdom, the British […]Next
The “Genotropin” drug, series MO5229, is forbidden to realization, storage and using according to the information received by The State Service of Ukraine on Medicinal Products from the regulatory body field of quality control of medicines in Denmark. The State Service of Ukraine on Medicinal Products published on its website the Order ?577-2.0.1 / 2.0 / […]Next
Former special representative of the US State Department on Ukraine Kurt Walker on Tuesday, September 1, became an independent member of the Board of Directors of BGS Rail. This was reported by LIGA. Business with reference to the press release. It is noted that Kurt Walker will also work as an advisor to the chairman […]Next
The Bloomberg News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]Next
Office of the Attorney General suspects the former owner of Delta Bank, Mykola Lahun, of tax evasion in the amount of 33 million hryvnias. According to the investigation, in February 2015, the former owner of Delta Bank JSC received more than 153 million hryvnias as payment for the purchase of registered shares of the bank […]Next
Recently, foreign automobile corporations are increasingly exposed to multi-million dollar fines from regulators. The reason is negligence of manufacturers who violate the road safety legislation at the stage of cars’ production. Scandals accompanied by multi-million dollar fines recently occurred in companies BMW, Volkswagen, and Fiat Chrysler, which subjected the charges from the regulatory authorities for […]Next
At the annual press conference as part of “Architecture Day 2020”, Intel has announced improvements in the production of new graphics processors for laptops, PCs and server processors. Positive news was received in not the best time for the company Intel, since July 23, after the close of Thursday, shares fell by more than 20%, […]Next
The Wilmar company plans a further expansion in Ukraine. This was told by the Chairman of the Board of Directors of the company “Delta Wilmar CIS” Dhuraba Charan Panda, said the Forbes publication. For example, in the B2C segment by building a new or purchasing an existing Ukrainian enterprise. The final choice has not been […]Next
In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]Next
The ex-president and founder of the largest mobile operator Kyivstar Igor Litovchenko in Ukraine became the owner of the Wireless telecom provider SmartCommunications (TM Giraffe). Ukrainian edition Liga.net informed about this, referring to the State Register of natural persons-entrepreneurs and legal entities. According to official figures, Igor Lytovchenko is the owner of the Cyprus offshore Magnilda Holdings Ltd., which owns Giraffe. As said the […]Next
KSG Agro has received permission to export pork to Georgia. The first shipment is scheduled for June. “Pig-breeding business of KSG Agro has successfully passed the test of the National Food Agency of the Ministry of Agriculture of Georgia and received permission for the supply of pork to the country”, – said in a statement […]Next