Mercedes Reaches Claim Settlement With US Amid Falling Q3 Sales

Zacks Rank & Key Picks 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 emission cheating. The settlement officially ended years-long legal trouble for Mercedes in the United States over the diesel gate emission scandal, which was first uncovered at Volkswagen (VWAGY) in September 2015. Under the settlement with 48 U.S. states, Puerto Rico, and the District of Columbia, Mercedes ...