UPDATE: Daimler AG To Pay $185 Million To Settle Bribery Charges

Well, that didn't take long. Less than 24 hours after word that the United States Department of Justice had filed bribery charges against Daimler AG, the makers of Mercedes-Benz, comes news that Daimler will settle with the feds by paying $185 million.

Full story from Automotive News.

Bribery Charges Filed Against Daimler AG

 

The United States Justice Department has filed charges against Daimler AG, maker of Mercedes-Benz automobiles, alleging a "long-standing practice of paying bribes to foreign officials."

The feds say at least 22 countries were involved over a ten-year span and hundreds of payments to foreign officials worth tens of millions of dollars.

Full story from Reuters at Automotive News.