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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
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September 10, 2014
12:27 EDTDDAIFDaimler aiming for $3.9B German facility overhaul, WSJ says
Daimler is aiming to invest over $3.9B in its vehicle facilities in Germany this year and reorganize its world-wide manufacturing networks to reduce expenses and improve on fast-paced growth management, according to The Wall Street Journal, citing comments from Mercedes-Benz's production chief Markus Schafer. Reference Link
06:32 EDTDDAIFDaimler reveals new Mercedes AMG GT to rival Porsche, Reuters says
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September 9, 2014
06:54 EDTDDAIFChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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September 8, 2014
08:10 EDTDDAIFDaimler AG, Haldex set up partnership for ModulT disc brake
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07:34 EDTDDAIFU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:14 EDTDDAIFDaimler boosting production in Alabama by 60,000, Detroit News reports
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