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Mercedes Reaches Claim Settlement With US Amid Falling Q3 Sales
ZACKS· 2025-12-24 13:06
Core Insights - Mercedes-Benz Group AG has reached a $149.6 million settlement with U.S. states to resolve allegations of diesel emissions cheating, concluding a lengthy legal issue related to the diesel gate scandal that began with Volkswagen in 2015 [2][10] Settlement Details - The settlement involves 48 U.S. states, Puerto Rico, and the District of Columbia, with $120 million allocated for air pollution prevention and mitigation, while $29.6 million is suspended and will decrease by $750 for each affected vehicle repaired or bought back [3] - The settlement covers 39,565 U.S. vehicles that were not repaired or removed from the market as of August 2023, with Mercedes responsible for all costs related to emissions modification software installation, paying $2,000 per vehicle [5] Allegations and Restrictions - Authorities stated that Mercedes used unlawful software in diesel vehicles to hide actual pollution levels, resulting in emissions up to 30 or 40 times the legal limit during normal driving conditions [4] - As part of the settlement, Mercedes is prohibited from selling or leasing diesel vehicles with illegal emissions devices and must avoid making misleading emissions performance claims [7] Financial Performance - Mercedes-Benz reported consolidated revenues of €32,147 million in Q3 2025, down from €34,528 million in the previous year, with a 12% decrease in vehicle sales for Mercedes-Benz Cars and an 8% decrease for Mercedes-Benz Vans [8]
Carmakers face key trial in UK lawsuits, decade after 'dieselgate' scandal
Reuters· 2025-10-13 05:06
Core Point - Major car manufacturers are facing a significant trial in London's High Court, with 1.6 million claimants accusing them of cheating diesel emissions tests, reminiscent of the Volkswagen 'dieselgate' scandal from a decade ago [1] Group 1 - The trial involves some of the world's largest carmakers, indicating a widespread issue within the automotive industry regarding emissions testing [1] - The case highlights ongoing legal repercussions and scrutiny in the automotive sector following past scandals, particularly the Volkswagen emissions scandal [1] - The number of claimants, totaling 1.6 million, underscores the scale of the allegations and potential impact on the industry [1]