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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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October 15, 2014
10:02 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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05:30 EDTDDAIFDaimler AG upgraded to Overweight from Underweight at Barclays
October 14, 2014
05:56 EDTDDAIFDaimler sees FY14 industrial free cash flow significantly lower than last year
Daimler is reviewing its guidance for the free cash flow of its industrial business excluding the effects of acquisitions and disposals for FY14. Hitherto, Daimler had assumed that the free cash flow of the industrial business adjusted for the effects of acquisitions and disposals would probably be significantly lower in 2014 than in the previous year. The individual divisions continue to aim for the following EBIT from the ongoing business in FY14: Mercedes-Benz Cars: significantly above the prior-year level, Daimler Trucks: significantly above the prior-year level, Mercedes-Benz Vans: at the prior-year level, Daimler Buses: significantly above the prior-year level, and Daimler Financial Services: slightly above the prior-year level.
05:55 EDTDDAIFDaimler reports Q3 industrial free cash flow ex-items EUR 2.9B
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October 7, 2014
09:30 EDTDDAIFDaimler to begin making medium truck engines for North America, HDT says
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09:27 EDTDDAIFWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.

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