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DDAIF

Daimler AG

$72.40

1 (1.40%)

13:24
10/06/16
10/06
13:24
10/06/16
13:24

Daimler unit to pay $28.5M settlement to DoJ, EPA over Clean Air Act violations

The Department of Justice and the U.S. Environmental Protection Agency announced a settlement with Detroit Diesel Corporation, a subsidiary of Daimler Trucks North America, that resolves alleged violations of the Clean Air Act for selling heavy-duty diesel engines that were not certified by EPA and did not meet applicable emission standards. Under the settlement, Detroit Diesel will spend $14.5M on projects to reduce nitrogen oxide and other pollutants, including replacing high-polluting diesel school buses and locomotive engines with models that meet current emissions standards. Detroit Diesel will also pay a $14M civil penalty. The government's complaint, filed today along with the settlement, alleges that Detroit Diesel violated the Clean Air Act by introducing into commerce 7,786 heavy-duty diesel engines for use in trucks and buses in model year 2010 without a valid EPA-issued certificate of conformity demonstrating conformance with Clean Air Act standards to control nitrogen oxide emissions. The complaint also alleges that the engines did not conform to emission standards applicable to model year 2010 engines. To mitigate the harm posed by the alleged violations, the school bus and locomotive replacement projects required by the settlement will reduce ambient air levels of nitrogen oxide and other pollutants. EPA will approve where the projects are to be performed, based on various criteria, including whether the area already does not meet Clean Air Act standards and whether the area includes low-income communities. In addition, the school bus program will improve air quality inside school buses by reducing exposure to diesel exhaust. Under the consent decree, Detroit Diesel will be required to implement projects to replace high-polluting school buses with school buses that meet current federal emissions standards and replace or repower high-polluting switch locomotives. Detroit Diesel is also required to post data and information about the clean diesel projects on a public website. Reference Link

DDAIF Daimler AG
$72.40

1 (1.40%)

08/09/16
JEFF
08/09/16
INITIATION
JEFF
Hold
Daimler AG initiated with a Hold at Jefferies
Jefferies analyst Philippe Houchois started Daimler AG with a Hold rating and EUR 65 price target.
06/29/16
EVER
06/29/16
DOWNGRADE
EVER
Sell
Daimler AG downgraded to Sell from Hold at Evercore ISI
01/20/16
01/20/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alexion (ALXN) initiated with a Neutral at Credit Suisse... Alnylam (ALNY) initiated with an Outperform at Credit Suisse... Amgen (AMGN) initiated with an Outperform at Credit Suisse... Apigee (APIC) initiated with a Buy at Roth Capital... BioMarin (BMRN) initiated with an Outperform at Credit Suisse... Biogen (BIIB) initiated with a Neutral at Credit Suisse... Booz Allen (BAH) initiated with a Buy at Jefferies... CSI Compressco (CCLP) initiated with a Neutral at Janney Capital... CSRA (CSRA) initiated with a Buy at Jefferies... Celgene (CELG) initiated with an Outperform at Credit Suisse... Coherus Biosciences (CHRS) initiated with an Outperform at Credit Suisse... Daimler AG (DDAIF) initiated with a Buy at Citi... Engility (EGL) initiated with a Buy at Jefferies... Euronet (EEFT) initiated with an Outperform at Northland... Evolent Health (EVH) initiated with an Outperform at Cowen... Ferrari (RACE) initiated with a Neutral at Citi... Fiat Chrysler (FCAU) initiated with a Neutral at Citi... Franco-Nevada (FNV) initiated with a Neutral at JPMorgan... Gilead (GILD) initiated with an Outperform at Credit Suisse... Huntington Ingalls (HII) initiated with a Buy at Guggenheim... Incyte (INCY) initiated with an Outperform at Credit Suisse... LeMaitre (LMAT) initiated with a Neutral at Sidoti... Lockheed Martin (LMT) initiated with a Buy at Guggenheim... ManTech (MANT) initiated with an Underperform at Jefferies... Mesoblast (MESO) initiated with an Outperform at Credit Suisse... PTC Therapeutics (PTCT) initiated with an Outperform at Credit Suisse... Phillips 66 Partners (PSXP) initiated with a Neutral at Mitsubishi UFJ... Regeneron (REGN) initiated with a Neutral at Credit Suisse... Sykes Enterprises (SYKE) initiated with a Market Perform at Barrington... Vertex (VRTX) initiated with an Outperform at Credit Suisse... Volkswagen (VLKAY) initiated with a Buy at Citi... XenoPort (XNPT) initiated with an Underperform at Credit Suisse.
01/20/16
SBSH
01/20/16
INITIATION
SBSH
Buy
Daimler AG initiated with a Buy at Citi
Citi analyst Michael Tyndall started Daimler AG with a Buy rating and price target of EUR 85.

TODAY'S FREE FLY STORIES

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GMED

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CE

Celanese

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HMST

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  • 08

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ZEN

Zendesk

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  • 08

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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CX

CEMEX

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0.09 (1.16%)

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

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  • 06

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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  • 06

    Dec

NEOG

Neogen

$61.59

-1.46 (-2.32%)

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RRC

Range Resources

$36.36

-0.23 (-0.63%)

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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Breaking Syndicate news story on EOG Resources »

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  • 13

    Dec

HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

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Breaking Hot Stocks news story on HomeStreet, UMB Financial »

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HomeStreet

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UMBF

UMB Financial

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

$38.88

1.31 (3.49%)

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

IM

Ingram Micro

$38.88

1.31 (3.49%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

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DB

Deutsche Bank

$15.74

-0.32 (-1.99%)

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  • 10

    Jan

ALB

Albemarle

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-0.79 (-0.92%)

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  • 16

    Mar

FOR

Forestar Group

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0.2 (1.52%)

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FANG

Diamondback Energy

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OSIR

Osiris

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0.06 (1.07%)

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STOR

STORE Capital

$24.45

0.52 (2.17%)

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CARB

Carbonite

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0.25 (1.41%)

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GIB

CGI Group

$47.11

0.16 (0.34%)

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