German automaker to pay $2bn over diesel scandal

Daimler AG will pay another $2 billion to Americans to withdraw government and consumer lawsuits related to emissions from diesel vehicles.

German automaker Daimler AG will pay US authorities $1.5 billion and another $0.5 billion in class-action consumer lawsuits over emissions claims from its diesel vehicles. The agreements reached concern only 250,000 cars and minibuses and, which is not excluded, may not be the last such expenses for this manufacturer.

The next multibillion-dollar payments, of course, will affect the work of the German automobile concern, which has already spent twice as much on similar compensations and fines last year. According to the results of 2019, Daimler's profit fell by 60% and amounted to $2.7 billion.

Recall that in 2018, the German prosecutor's office ordered the same Daimler to pay a fine of 0.87 billion euros for fraud with certificates for cars more than a decade ago. It turned out that the automaker installed special software on their cars that allowed them to underestimate the content of harmful substances in exhaust gases.

Tags: daimler ag; lawsuit; diesel; scandal; emission