ECONOMY

Daimler says to pay 870 mn euro fine over diesel recalls

German prosecutors say they are hitting carmaker with a of 870 million euros (957 million dollars) for negligent of their supervisory responsibilities in connection with the diesel emissions scandal.

German car giant Daimler said Tuesday it will not contest an order from Stuttgart prosecutors to pay an 870 million euro ($957 million) over tens of thousands of diesel vehicles that breached emissions rules.

"The company has refrained from taking a legal remedy against the fine notice" relating to "negligent violation of supervisory duties," said in a statement, adding that it "does not result in a relevant additional negative effect on earnings" for July-September.

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