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U.S. judge approves $1.5 billion Daimler diesel emissions settlement

Stock Markets (Mar 09, 2021 10:15AM ET) U.S. judge approves $1.5 billion Daimler diesel emissions settlement

© Reuters. FILE PHOTO: A new Daimler AG, FUSO battery-powered eCanter urban delivery truck is unveiled during a news conference in New York

WASHINGTON (Reuters) – A U.S. judge on Tuesday approved Daimler AG (DE:DAIGn)’s $1.5 billion settlement to resolve a U.S. government probe into diesel pollution from 250,000 vehicles.

The settlement, which was announced in September, includes an $875 million civil penalty levied under the Clean Air Act and $546 million to fix the polluting vehicles and offset excess emissions, court papers show. Daimler (OTC:DDAIF) will also pay California $127.5 million and separately agreed to a $700 million settlement with diesel vehicle owners.U.S. judge approves $1.5 billion Daimler diesel emissions settlement Add a Comment

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