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The German court condemns Daimler to pay 870 million euros fine for having put on the market since 2008 diesel vehicles that do not meet the standards on polluting emissions. This is the result of the scandal, also called " dieselgate ", which shook four years ago several German car manufacturers, including Volkwagen. Three of its leaders have been indicted for market manipulation.
The German automaker Daimler will have to pay 870 million euros fine for having put on the market since 2008 diesel vehicles that did not meet the legal standards on polluting emissions. The Stuttgart public prosecutor's office has established a " negligent violation " which resulted in the homologation of these vehicles. Daimler said he was giving up the appeal.
Chance of the calendar, at Volkswagen, another manufacturer affected by the dieselgate, Herbert Diess, the current chairman of the board of directors, Hans Dieter Pötsch, its chairman of the Supervisory Board, and former CEO Martin Winterkorn , are indicted for knowingly informed Too late the markets of the financial consequences of the scandal.
The case broke out in September 2015 . Volskwagen then admits to publicly rigging his diesel engines. The then CEO, Martin Winterkorn, acknowledges the manipulation of the anti-pollution tests and resigns immediately. The title of Volkswagen collapses causing huge losses to its shareholders.
Probably no trial for former CEO
The former CEO is already being sued in the United States. It is there, indeed, that the tests at the origin of the case were carried out. As Germany is reluctant to extradite its citizens outside the European Union, it is very unlikely that Martin Winterkorn will be tried by the American courts.
On the other hand, the three leaders indicted by the German prosecutor will be well judged in Germany. The case has already cost the German manufacturer nearly 30 billion euros.