Police raid Daimler offices in emissions fraud probe

Image
AFP Berlin
Last Updated : May 23 2017 | 9:07 PM IST
German police today searched the offices of Daimler as part of their investigation into possible manipulation of emissions data by employees at the auto giant.
Some 23 prosecutors and 230 police officers participated in the search of 11 sites in the states of Baden-Wuerttemberg, Berlin, Lower Saxony and Saxony, police said in a statement.
"The company is fully cooperating with the authorities," said Daimler, which owns Mercedes-Benz.
The group added that the investigation targeted "known and unknown employees of Daimler AG over suspicion of fraud" and misleading advertising related to the possible manipulation of exhaust gas emissions in passenger cars with diesel engines.
Germany's powerful automobile sector has been hard hit by revelations that car giant Volkswagen fitted emissions cheating devices into 11 million diesel engines worldwide.
Since the scandal broke in September 2015, other carmakers have also come under scrutiny.
VW has so far set aside more than 22 billion euros (USD 24.4 billion) to cover fines and compensation related to the fraud.
But experts estimate that the final bill could be far higher.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2017 | 9:07 PM IST

Next Story