This page contains summaries of cases settled in lieu of disputes under the Air Resources Board`s (CARB) mutual settlement program and those that have been resolved in civil or criminal proceedings. These case documents may be available upon request, subject to exceptions to disclosure under the California Public Records Act. Transactions are subject to final approval by the relevant authorities and courts. The agreement in principle with U.S. government authorities will be remembered in binding approval orders. In the coming weeks, the authorities will submit the approval orders to a U.S. district court for final approval. The U.S. consumer complaint is subject to U.S. District Court approval for the District of New Jersey. Daimler has informed the capital markets of the agreements in principle for compliance with the advertising obligations of the European Market Abuse Regulation (MAR).
The company took sufficient provisions for the total expected cost of the accounts. The Board of Directors and the Supervisory Board of Daimler AG and Mercedes-Benz AG approved the expected comparisons after weighing all aspects in the best interests of the company. With the proposed comparisons, the company is taking an important step towards legal certainty with respect to different modes of diesel in the United States. For comparisons with U.S. authorities, Daimler expects a cost of about $1.5 billion. The estimated cost of the class action is approximately $700 million, including the court`s statutory award of legal fees and fees. In addition, Daimler estimates that other expenses average tens of millions of euros to meet the requirements of comparisons. Senate Act 1402 (Chapter 413, 2010 Statutes) was passed as urgent legislation on September 28, 2010 and requires ARB to publish settlement agreements with SB 1402 compliance statements on this site. . . . Daimler AG and its subsidiary Mercedes-Benz USA LLC (MBUSA) have agreed with the U.S.
authorities on the principle of the settlement of civil and environmental rights regarding the emissions control systems of some 250,000 diesel cars and pickup trucks in the United States. . Daimler AG and MBUSA have also reached an agreement in principle with counsel for the applicants on the settlement of the “In re Mercedes-Benz Emissions Litigation” claim, which is pending before the U.S. District Court for the District of New Jersey. Exchange rate EUR to USD from 13 August 2020, EUR 1 – 1,183 USD. . . . The company has cooperated fully with the U.S.
authorities and continues to cooperate. Over the next three years, Daimler expects an impact on the industry`s free cash flow, with the main effects expected in the next 12 months. . The U.S. authorities involved are the Environmental Protection Agency (EPA), the California Air Resources Board (CARB), the U.S. Department of Justice`s (DOJ) Division of Environment and Natural Resources, the California Attorney General`s Office and the U.S. Customs and Border Protection.