Friday, April 22, 2016

Daimler gets for emission values ​​targeted by US authorities – ABC Online

Friday , 04.22.2016, 10:26
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After several civil actions in the United States has ordered a review of the exhaust gas measurements at the automaker Daimler US authorities.

Daimler leads to the invitation of the US Department of Justice through internal investigations, chief financial Officer Bodo Uebber said on Friday in a telephone conference on the quarterly figures of Stuttgart. “Of course, we fully cooperate with the authorities.”

In the early hours of Friday Daimler had announced in a shareholder notification to the financial community, the US Department of Justice have the group prompted the emergence of the official exhaust emissions in the United States internally and with the involvement of the US overseer to take a closer look. Whether the authorities there also want to record on its own investigations, is still unclear. Daimler shares plummeted shortly after the start of trading on the stock exchange by almost six percent from

DAIMLER:. KEEP APPLICATIONS FOR UNFOUNDED

The arrangement follows on class actions by US car owners, the manufacturers the accuse illegal excessive emissions in diesel engines. Uebber reiterated that Daimler consider the class action lawsuits are without merit and will be put on the other hand with all legal means to resist.

The Group controls in some diesel engines, the exhaust gas post-processing in certain temperature ranges down. Daimler attributes this to the lawful protection of components. A Daimler spokesman said that also corresponds to the US regulations.

ALLEGATIONS OF ENVIRONMENTAL ORGANIZATIONS

On 15 April, the Group had claims to having regard to strict confidentiality by the US -Justice been prompted to have to check the certification and approval process with regard to exhaust emissions in the US by an internal investigation in coordination with the US investigators. They want to turn on an external firm, Uebber announced. At Volkswagen, since the announcement of the exhaust manipulations determine lawyers the US law firm Jones Day. They scour internal data and interrogate employees

It is not the first investigation for excessive exhaust emissions, Daimler – like other automakers – has to face:. Environmental organizations such as the German Environmental Aid complain that the carmaker that nitric oxide that satisfy values ​​of diesel models to the test, the allowable limits, but are in real driving conditions on the road many times over.

ACTION ENVIRONMENTAL HELP

in January, had the Swabians French authorities must answer questions, the UK Department for transport measure at a Mercedes model higher values ​​than on the bench. The results of subsequent measurements of the German Federal Motor Vehicle Office (KBA) expected later on Friday. To date, Daimler no fraudulent manipulations were but as confirmed at VW.

Daimler does have experience with the US authorities. The car company had 2010 after a bribery affair reached a settlement with the Justice Department and the US Securities and Exchange Commission. In Germany, the automaker will have to stand trial on similar charges. The German Environmental Aid filed an injunction for consumer deception before the Landgericht Stuttgart (Az .: 34 O 21/16 KFH).

BY ADULT QUARTERLY BALANCE

Daimler quarter balance fell on Friday by growing. High start-up costs for the new E-Class weighed on earnings in the first quarter. In addition, the truck business was weaker than expected partly because of the difficult situation in Brazil.

The bottom line Daimler earned despite a sharp rise in sales volume of 1.4 billion euros, almost a third less than in the same period last year. High start-up costs for the new E-Class weighed on earnings in the first three months of the year. Sales rose by two percent to 35 billion euros.

 

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