Daimler says to pay 870 mn euro fine over diesel recalls
German prosecutors say they are hitting carmaker Daimler with a fine of 870 million euros (957 million dollars) for negligent violation of their supervisory responsibilities in connection with the diesel emissions scandal.
- Economy
- AFP
- Published Date: 03:44 | 24 September 2019
- Modified Date: 03:44 | 24 September 2019
German car giant Daimler said Tuesday it will not contest an order from Stuttgart prosecutors to pay an 870 million euro ($957 million) fine 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," Daimler said in a statement, adding that it "does not result in a relevant additional negative effect on earnings" for July-September.
OTHER ECONOMY NEWS