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Mercedes Says DOJ Ended Diesel Probe Without Filing Charges.
- Source :
- Bloomberg.com; 4/27/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The US Department of Justice (DOJ) has concluded its investigation into Mercedes-Benz Group AG regarding exhaust emissions and will not be filing charges against the German carmaker. Mercedes-Benz confirmed the closure of the probe and stated that this decision is a significant step towards legal certainty in relation to various diesel proceedings. In 2016, the company's shares dropped when the DOJ requested a review of its certification and admissions process following a class-action lawsuit alleging violations of emissions standards, which Mercedes-Benz deemed as baseless. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 176872893