|Bid||42.47 x 124500|
|Ask||42.47 x 73800|
|Day's range||42.24 - 43.08|
|52-week range||21.01 - 54.50|
|Beta (5Y monthly)||1.70|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.90 (2.11%)|
|Ex-dividend date||09 Jul 2020|
|1y target est||N/A|
Daimler has reached an agreement to settle U.S. proceedings relating to investigations into software to cheat diesel emissions tests that will result in costs of about $1.5 billion, the German carmaker said on Thursday. The maker of Mercedes-Benz cars said it expects an impact on its free cash flow over the next three years as a result, with the main impact within the next 12 months. German carmakers, among the global leaders in diesel technology, have been caught in the crosshairs of courts and regulators after Volkswagen admitted in 2015 to using engine control devices to cheat U.S. diesel emission tests.
Daimler <DAIGn.DE> said on Thursday it has reached agreements costing nearly $3 billion (£2.3 billion) to settle civil investigations by U.S. regulators and lawsuits from vehicle owners stemming from a long-running probe into software to cheat diesel emissions tests. The settlements in principle address civil and environmental claims tied to 250,000 U.S. diesel passenger cars and vans in the United States and include claims from the Environmental Protection Agency, Justice Department, California Air Resources Board (CARB) and the California Attorney General’s Office.
Just over 1 million used cars were sold in the UK despite sales halving in the second quarter.