Daimler To Pay $1.5 Bln Towards Emissions Settlement

German automaker Daimler AG, along with its unit Mercedes-Benz USA LLC, have agreed to pay $1.5 billion after U.S. regulatory authorities approved a settlement in civil proceedings regarding diesel emissions in the country. As part of the settlement, Daimler will recall and repair the emissions systems in Mercedes-Benz diesel vehicles sold in the United States between 2009 and 2016.