View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 24, 2010

GERMANY: Daimler to appear at Washington court hearing

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

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.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto