Daimler to Pay $2.2 Billion to Settle U.S. Diesel Issues
- Agreement with EPA and other authorities to cost $1.5 billion
- Another $700 million will resolve consumer class-action suit
Photographer: Michaela Handrek-Rehle/Bloomberg
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Daimler AG will pay about $2.2 billion to settle U.S. diesel-emissions issues in the latest fallout from years of closer regulatory scrutiny on vehicle pollution.
An agreement in principle with authorities including the U.S. Justice Department and Environmental Protection Agency will cost the German automaker roughly 1.27 billion euros ($1.5 billion), according to a statement. The Stuttgart-based company will pay another 592 million euros to settle class-action litigation brought by consumers.