2/2 © Reuters. A emergency exit sign is pictured above a logo of German car manufacturer Daimler AG, before the annual news conference in Stuttgart 2/2
WASHINGTON (Reuters) – Daimler AG (DE:DAIGn)'s North American truck unit has agreed to a $30 million U.S. civil penalty to resolve an investigation that found it failed to recall vehicles in a timely fashion and comply with reporting requirements.
The National Highway Traffic Safety Administration (NHTSA) said Daimler (OTC:DDAIF) Trucks North America agreed to develop and implement an advanced data analytics program to enhance its ability to detect and to investigate potential safety defects as part of a two-year consent order.
Daimler Trucks must pay $10 million upfront and spend an additional $5 million on specific projects to enhance safety. The agreement includes a $15 million deferred penalty that may become payable if Daimler does not comply.
Daimler Trucks did not immediately respond to a request for comment.
In December 2019, Daimler AG's Mercedes-Benz USA unit agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after NHTSA said it failed to notify owners in a timely fashion in some recalls, did not submit all reports and did not launch at least two recalls in a timely fashion.Leave a comment