U.S. Lawsuit

Daimler Accused of Emissions Tricks

dieter zetsche feb 11 2016 bochum symposium source bloomberg
The Daimler CEO Dieter Zetsche on February 11 at an auto industry symposium in Bochum, Germany. A U.S. class-action specialist on Thursday sued Daimler, saying it used trickery to falsify emissions on 14 car and SUV models that use its patented BlueTec diesel technology. Daimler called the suit's allegation "unfounded.''
  • Why it matters

    Why it matters

    Daimler could be forced to pay settlements if it is proven guilty of having manipulated emissions values.

  • Facts

    Facts

    • The lawsuit against Mercedes was filed five months after VW admitted it had manipulated emissions values with software and other technology on about 11 million diesel cars worldwide.
    • U.S. law firm Hagens Berman led negotiations with Toyota in 2013, when the Japanese carmaker agreed to pay buyers $1.6 billion for models that accelerated unintentionally.
    • Lawyer Steve Berman in 1998 was the special assistant district attorney who represented 13 U.S. states that eventually obtained $206 billion (€184 billion) from tobacco maker Philip Morris in the largest ever civil settlement.
  • Audio

    Audio

  • Pdf

A U.S. law firm is suing Mercedes-Benz owner Daimler, alleging the luxury automaker used cheat software to rig emissions values on 14 models of cars and SUVs that use the company’s BlueTEC low-emission diesel technology.

The suit filed Thursday in U.S. District Court in New Jersey alleges that Stuttgart-based Daimler employed similar software tricks as German rival Volkswagen to falsify results on diesel engines to trick U.S. regulators.

Daimler shares plunged up to 4 percent in Frankfurt and were trading down 1.8 percent at €63.53 at noon in Berlin. The automaker in a brief statement called the allegations “unfounded” and said it would fight the lawsuit.

 

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”Investors are nervous when they learn of something like this,” said Sascha Gommel, analyst at Commerzbank in Frankfurt. “At VW, many investors were caught by surprise and hadn’t expected what happened. This is a protective measure so that they can’t be surprised again.”

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