Daimler Trucks North America agreed to a $30 million penalty slapped by the National Highway Traffic Safety Administration (NHTSA) for failing to resolve an investigation of delayed recalls.
Daimler AG’s North American truck unit must pay $10 million upfront and spend $5 million on safety-enhancement projects. A $15 million deferred penalty can become payable if Daimler does not comply with the consent order.
Daimler Trucks also agreed to develop and implement an advanced data analytics program to enhance its ability to detect and to investigate potential safety defects. It would also meet with NHTSA monthly.
The NHTSA said that Daimler Trucks failed to timely recall vehicles and comply with reporting requirements after it opened a probe in April 2018 of about 464,000 vehicles.
Daimler Trucks noted that there were no known accidents or injuries associated with the voluntary recalls.
It was the second time since December 2019 that Daimler AG agreed to settle a probe by US auto safety regulators.
Back then Daimler’s Mercedes-Benz USA unit agreed to a $20 million civil penalty over its handling of US vehicle recalls.
The NHTSA said that Mercedes-Benz USA failed to timely notify owners in some recalls, did not launch at least two recalls in a timely fashion, and did not submit all reports.


Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 



