Mercedes Reaches Claim Settlement With US Amid Falling Q3 Sales

Key Takeaways MBGYY reached a 149.6MsettlementwithU.S.statesoverallegationstiedtodieselemissionscheating.Thedealcoversnearly39,565vehicles,withfundsaimedatpollutionmitigationandemissionssoftwarefixes.MercedesBenzGroupAGreportedlowerQ3revenuesanddoubledigitdeclinesincarandvansalesYoY.GermanAutomakerMercedesBenzGroupAG(MBGYY)hasagreedtoa149.6M settlement with U.S. states over allegations tied to diesel emissions cheating.The deal covers nearly 39,565 vehicles, with funds aimed at pollution mitigation and emissions software fixes.Mercedes-Benz Group AG reported lower Q3 revenues and double-digit declines in car and van sales YoY.German AutomakerMercedes-Benz Group AG (MBGYY) has agreed to a 149.6 million claim settlement with the United States to resolve a long-running probe tied to allegations of diesel emis ...