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Home / Business / Diesel scandal only destroyed the profit growth of Daimler, manufacturer of Mercedes-Benz

Diesel scandal only destroyed the profit growth of Daimler, manufacturer of Mercedes-Benz



The company said that "various ongoing governmental measures and measures related to Diesel vehicles" will affect the company's second quarter revenue for the 2019 fiscal year. It is said that it expects an increase in expenses related to these case processing.

German car manufacturers have met many years of control over harmful emissions produced by diesel cars. That investigation stems from another German automaker – Volkswagen ( VLKAF ] – admitted that millions of diesel engines were rigged to cheat emission tests.

Revelation trashed confidence among consumers and regulators of diesel technology and costing Volkswagen tens of billions of dollars in recalls, legal sanctions and settlements.

Daimler then said it "cooperated a lot" with the Commission and did not expect to be fined.

On Sunday, Daimler said that the profit in 201

9 would be substantially flat last year.


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