Economy & Politics

Stuttgart automaker pays billions to US plaintiffs

Daimler pays billions of dollars to US plaintiffs. Photo: dpa / Tom Weller

In the course of the diesel affair, Daimler reached an agreement with the authorities and complaining customers in the USA. The Stuttgart carmaker announced that the costs for this run into the billions.

Stuttgart – The car company Daimler wants to pay more than two billion dollars in the USA to settle disputes in the diesel scandal. For settlements with several US authorities around 1.5 billion dollars (1.27 billion euros) would be due, for the settlement of a class action lawsuit by consumers about 700 million dollars, the group announced on Thursday. The competent authorities and courts must therefore still agree to the settlements.

Daimler is assuming “further expenses” in the mid three-digit million euro range in order to meet requirements from the comparisons. “The company has made sufficient accounting provisions for the expected total costs of the comparisons.”

Agreement with many parties

The comparisons to the allegations of manipulation of the exhaust gas values ​​were accordingly negotiated by the parent company and the subsidiary Mercedes-Benz USA. They reached an agreement with the US Environmental Protection Agency (EPA), the US Department of Justice’s Environment Department, the US Customs and Border Protection and California authorities, and with the participants in a consumer class action lawsuit.

The board of directors and the supervisory board of Daimler AG and Mercedes-Benz AG voted according to the information on Thursday “after weighing all the circumstances and in the best interests of the company” for the comparisons. With this, Daimler is taking “an important step towards creating legal certainty in various diesel proceedings in the USA,” the company said.

Read here: Daimler’s Mercedes sales still just in the red in July

The plaintiffs in the USA allege that the German car manufacturers Volkswagen, Daimler and BMW have violated competition and consumer protection laws and have improperly enriched themselves. For the Volkswagen Group in particular, the diesel scandal in North America resulted in a flood of lawsuits.

The compensation and penalties negotiated by Volkswagen in the USA in the course of the reappraisal now amount to more than 22 billion dollars (almost 19 billion euros). In addition, there are around 1.4 billion euros in Canada.

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