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Daimler Fined $960 Million to Settle Rigged Diesel-Car Probe

  • Mercedes maker accused of selling 684,000 tainted vehicles
  • Daimler says fine doesn’t affect 2019 financial guidance
Preview Day At The 2014 Paris Motor Show

Photographer: Balint Porneczi/Bloomberg

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German prosecutors fined Daimler AG 870 million euros ($960 million) for “negligent violation of supervisory duties” to settle a probe into selling rigged diesel cars.

Prosecutors found the maker of Mercedes-Benz cars sold about 684,000 vehicles that didn’t completely comply with regulations on emissions of nitrogen oxides, according to statements from Stuttgart authorities and Daimler. The company agreed not to contest the verdict and confirmed its financial guidance.