Daimler is remaining tight-lipped surrounding reports it is facing significant fines in the US concerning apparent corruption investigations.

The German automaker declined to elaborate to just-auto on intense media speculation that has raised the possibility of swingeing financial penalties, but did confirm it was facing court proceedings next week.

“We have a hearing scheduled in Washington for 1 April at the US district court and we as a company as well as the US authorities will not comment on [any] settlement prior to the such a hearing,” a Daimler spokeswoman said.

“It is not that we won’t or can’t [comment]. These investigations are not new at all – we reported since 2005 about the issue.

“The reason it is happening now is the date for hearing is now.”

Further details are expected later.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData