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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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April 23, 2015
19:49 EDTDDAIFAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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April 20, 2015
08:12 EDTDDAIFMarathon Patent Group announces results of Signal IP Markman ruling
Marathon Patent Group (MARA) announced that on April 17, the United States District Court Central District of California issued the claim construction order in the litigation involving its wholly-owned subsidiary Signal IP and American Honda Motor Co. (HMC), Nissan North America (NSANY), Porsche Cars of North America, Mazda Motor of America, Mercedes-Benz USA (DDAIF), BMW of North America, Subaru of America, Kia Motors America, Mitsubishi Motors North America, Volkswagen (VLKAY), and Jaguar Land Rover North America. A total of 36 claim terms from a total of seven patents were disputed between Signal IP and the defendants.
April 16, 2015
10:00 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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05:45 EDTDDAIFDaimler AG upgraded to Conviction Buy from Buy at Goldman
Goldman Sachs upgraded Daimler AG to Conviction Buy saying the auto recovery in Europe is sustainable.

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