Mercedes-Benz settles diesel-emissions lawsuit in Australia

April 9 (Bloomberg) — The No. 2 carmaker by revenue has reached a settlement to resolve an Australian class action lawsuit on allegations the company broke emissions laws by using fake software in two…

Mercedes-Benz settles diesel-emissions lawsuit in Australia

April 9 (Bloomberg) — The No. 2 carmaker by revenue has reached a settlement to resolve an Australian class action lawsuit on allegations the company broke emissions laws by using fake software in two models.

Taxpayers won’t pay any of the $243 million settlement with Mercedes-Benz Australia, a spokesman said in an e-mail.

“This development relates to alleged software issues which are a matter of fact and legal dispute under applicable international treaties and relevant Australian laws, and which have been taken into account when finalizing this settlement,” the German automaker said in a statement.

Australia’s Commonwealth Securities Litigation Lawyers said it was ready to continue its claims against Mercedes-Benz.

“I think Mercedes-Benz saw this and its in the best interests of themselves to settle with us,” Chris Stewart, a partner at Commonwealth lawyers, said in a phone interview from Sydney. “The case will continue; not least because the government is also investigating and yet to make a decision.”

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