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Daimler ag to pay the sum of € 870 million fine in relation to diesel fuel, research

FILE PHOTO: a Mercedes benz logo is seen at the Daimler annual shareholders ‘ meeting held in Berlin, Germany, on April 5, 2018. REUTERS/Hannibal Hanschke

BERLIN (Reuters) – German luxury carmaker Daimler ag (DAIGn.DE will pay a fine of 870 million euros, in connection with the certification of diesel vehicles that do not comply with the statutory requirements, the trial in the southern city of Stuttgart said on Tuesday.

The maker of Mercedes-Benz cars, said in a separate statement, and will refrain from taking legal action and reaffirmed its earnings forecast.

“The public prosecutor’s office and the administrative offence proceedings against Daimler AG in this way is completely closed,” it added.

The Stuttgart prosecutors said the fine has no impact on a current investigation in relation to alleged manipulation of the engine of the software.

Report by Thomas Seythal; Writing by Madeline Chambers

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