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Stock Market & Financial Investment News

News Breaks
July 17, 2014
08:27 EDTDDAIFMercedes-Benz issues recall due to air bag assembly error
Mercedes-Benz USA, a Daimler company, is recalling certain model year 2014 SLK 250, SLK 350, SLK 55 AMG, SL 550, SL 63 AMG, and SL 65 AMG vehicles manufactured March 19 through May 5. Due to an air bag assembly error, the front passenger air bag may not deploy properly. Mercedes-Benz will notify owners, and dealers will replace the front passenger air bag, free of charge. Parts for the remedy are not currently available. Mercedes-Benz will send an interim letter to owners in July. A second owner letter will be mailed when parts are available. Until the vehicle has been remedied, owners are advised that passengers or other items should not be placed in the passenger seat. Reference Link
News For DDAIF From The Last 14 Days
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August 28, 2015
06:17 EDTDDAIFGerman car makers take hit in China, WSJ reports
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August 26, 2015
17:28 EDTDDAIFBAIC chairman says in talks to buy major stake in Daimler AG, Bloomberg says
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16:26 EDTDDAIFMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
August 24, 2015
07:15 EDTDDAIFDaimler to cut 1,500 truckmaking jobs in Brazil, Bloomberg reports
Daimler is cutting 1,500 jobs at its Brazilian truckmaking unit amidst lack of recovery for demand for commercial vehicles in the country, Bloomberg reports. Reference Link
August 21, 2015
08:11 EDTDDAIFDaimler AG could collaborate with Google, Apple, Reuters says
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