Daimler Allegedly Sold Over 1 Million Cars With Excess Emission

Daimler Allegedly Sold Over 1 Million Cars With Excess Emission”

German and other foreign media reported that Germany's prosecution is investigating the allegations that Daimler manipulated the engines of some 1 million diesel vehicles apparently to cheat on their emissions levels. Prosecutors were not immediately available to comment.

"We take comfort from the fact that this is a European issue, not a USA investigation".

A Daimler spokesman declined to comment on the ongoing investigation, but did say the automaker is fully cooperating with authorities.

Daimler also faces an investigation by the United States Department of Justice, as well as a number of class-action lawsuits in the USA accusing it of false advertising. "Our judgment is that Merc will be asked to recall these cars for a "software fix", Bernstein Research analysts said in a note on Thursday.

Shares of Daimler AG (ETR:DAI) traded up 0.26% during mid-day trading on Tuesday, hitting €64.40.

The motors were built into more than one million cars and vans by Daimler, including C, E and R class Mercedes.

If Daimler had been involved in such practice, the affected vehicles could be banned in Europe.

Daimler, based in Stuttgart, was promptly summoned to explain the revelations to the German committee investigating illegal software used by Volkswagen to fool official exhaust tests.

Two Daimler employees are under investigation by the prosecutor's office.

Read: The DOJ Wants to Know if Daimler Faked Emissions Data in the U.S.

The only automakers to have suffered from regulatory and legal action over emissions technology contained in their cars are Volkswagen and Fiat Chrysler (FCAU), with both subject to action in the US alone.

Daimler had warned in its last quarterly report that it could face penalties in the USA from an investigation into emissions management software by the Justice Department, the Environmental Protection Agency (EPA) and the California Air Resources Board (CARB).

In January, the EPA and CARB accused Fiat Chrysler Automobiles NV of illegally using software to allow excess diesel emissions from 104,000 USA trucks and SUVs.

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