Mercedes-Benz Reaches $150 Million Settlement With US States Over Diesel Emissions

The Mercedes star is illuminated on the headquarters of Daimler AG in Stuttgart, Germany, on Feb. 1, 2017. Thomas Kienzle/AFP via Getty ImagesMercedes-Benz has agreed to pay nearly $150 million to settle a lawsuit filed by a majority of U.S. states nearly a decade ago over allegations of installing devices on their vehicles to cheat emissions standards.New York State Attorney General Letitia James led a bipartisan coalition of 48 states, the District of Columbia, and Puerto Rico, in suing the German luxury automaker for allegedly violating environmental and consumer protection laws.