Daimler will pay a fine of 870 million euros ($957 million) for breaking diesel ...
) will pay a fine of 870 million euros for breaking diesel emissions regulations, German prosecutors said on Tuesday.
The maker of Mercedes-Benz cars said it would not appeal against the penalty and that it was keeping its earnings forecast unchanged.Prosecutors and regulators around the world have been investigating carmakers since Volkswagen’s admission in 2015 that it cheated U.S. diesel pollution tests, which led to revelations of rule breaches by a number of manufacturers.
Stuttgart prosecutors said the fine on Daimler had no impact on ongoing proceedings into alleged manipulation by some individuals of engine software used in some Daimler diesel cars. “It is in the company’s best interest to end the administrative offence proceeding in a timely and comprehensive manner and thereby conclude this matter,” Daimler said, confirming it would not appeal.In May 2017, German prosecutors searched Daimler offices as part of a fraud inquiry related to possible manipulation of exhaust gas after-treatment in diesel cars.
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