Remember that bribery scandal over at DaimlerChrysler that hit late last year? Considering the wheels of justice aren't exactly AMG-V12 powered, the fallout from the ensuing U.S. Securities and Exchange Commission investigation is just now becoming apparent. The Detroit News is reporting DCX has fired or suspended an undisclosed number of employees for making illegal payments to entities in Asia, Eastern Europe and Africa, possibly totaling $77 million. A company spokesperson says DCX has put safeguards in place to prevent such dealings, which one automotive analyst says happens "much less than people think." Sounds like a done deal to us. Now where's our envelope?
Charges Trigger Firings at DCX [internal]
Justice Department Investigates Mercedes in Alleged Bribery Scandal [internal]