BERLIN (Reuters) – Daimler ag (DAIGn.DE will pay a fine of 870 million euros ($957 million) as part of the break up of diesel emission regulations, and the German public prosecutors said on Tuesday.
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
The maker of Mercedes-Benz cars, said:” it will not be able to appeal against the fine, and that it was keeping the earnings forecast unchanged.
The fine tips of some of the legal uncertainty of the Stuttgart-based company.
Prosecutors and regulators around the world have explored the automobile manufacturers since the perfect for admission in 2015, in which it deceived US diesel fuel contamination testing, which led to the revelation of the rule violations by a number of manufacturers.
Separately on Monday, German prosecutors have accused senior managers at the Volkswagen VOWG_p.DE), and say that they have delayed telling investors about the company’s illegal actions.
The Stuttgart prosecutors said the fine is in the Mercedes did not have any impact on the current procedures, alleged manipulation by some of the members of the engine, the software that is being used in some Mercedes diesel vehicles.
The prosecutors’ office, said Daimler, through negligence, violated his supervisory duties, beginning in 2008. As a result, some diesel vehicles have been checked, in spite of the exceedance of emissions thresholds, and in some cases, it will be added.
“It is in the best interests of the company and, to the end of the administrative offence procedure in a timely manner and in an understandable way, and thus to close the business,” Daimler said, ” is that it confirms that it does not like to hear.
The company’s shares were down 0.7 percent at 1330 GMT.
In May of 2017, as well as German prosecutors searched the Daimler ag’s offices as part of a fraud investigation into the possible manipulation of the exhaust gas after-treatment in diesel cars.
Europe also faces regulatory scrutiny by U.S. authorities. In February 2016, the U. s. Environmental Protection Agency has prompted Mercedes-Benz to establish the emissions levels of some of the diesel cars.
In June of this year, Daimler cut its 2019 and the prospects of the removal of the provisions for issues relating to diesel vehicles, due to the hundreds of millions of dollars.
Report by Thomas Seythal; Editing by Madeline Chambers and Mark Potter