DaimlerChrysler settles discrimination lawsuit

Newswire

DETROIT, July 26 (Reuters) - DaimlerChrysler has agreed to settle a lawsuit in which its U.S. finance arm stood accused of discriminating against African Americans and Hispanics by charging them more for car loans, according to federal court documents. Under terms of the settlement, DaimlerChrysler Services North America LLC will be required to offer several billion dollars in loans to black and Hispanic people based only on their credit history, according to plaintiffs' attorneys. A ...

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