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Börse Express – Daimler attaches diesel operations in Canada to the tune of millions

STUTTGART (dpa-AFX) – Daimler – The group settled further legal action against a cash payment in the diesel case. In Canada, protracted legal disputes in the settlement can now be avoided by the fact that the Stuttgart group pays about C$250 million (€175 million), like DAX. – The group announced Friday evening in Stuttgart. The agreement includes about 83,000 Mercedes diesel cars. The settlement has not been approved by the courts in Canada. With a cash payment, Daimler is liquidating a class-action lawsuit by Canadian consumers involving 2009-2016 Mercedes-Benz diesel cars and Sprinter light diesel commercial vehicles from 2010-2016.

Daimler continues to deny the main claims of the plaintiffs and wants to avoid legal and financial risks with cash payments. Daimler had already compared itself to prosecutors and authorities earlier, including in the United States, when the company agreed to pay more than $2 billion last fall in order to settle civil fines from the US Department of Justice and class action lawsuits from car owners, Among other things to be attached. In Germany, the Stuttgart Public Prosecutor’s Office imposed a fine of about 870 million euros as part of a diesel case two years ago for negligence in supervisory duties.

 ISIN  DE0007100000

AXC0318 2021-12-10 / 20:25

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