Daimler to Pay $2.2 Billion to Settle U.S. Diesel Issues (3)

Daimler AG will pay about $2.2 billion to settle U.S. diesel-emissions issues in the latest fallout from years of closer regulatory scrutiny on vehicle pollution.

An agreement in principle with authorities including the U.S. Justice Department and Environmental Protection Agency will cost the German automaker roughly 1.27 billion euros ($1.5 billion), according to a statement. The Stuttgart-based company will pay another 592 million euros to settle class-action litigation brought by consumers.

“While this hopefully resolves this issue and allows the company to focus on other pressing challenges, it is a reminder that other stakeholders are likely to receive the ...