US customers file class action against German car companies

The cartel scandal hits the German carmaker now in the US: Three customers complain there against Volkswagen, Daimler and BMW – among other things, for violation of competition law. Car brand Mercedes-Benz, Daimler AG in Stuttgart (archive) Thursday, 27.07.2017 15:46 clock The cartel allegations against German carmakers could also have legal consequences in the USA.… Continue reading US customers file class action against German car companies

Daimler does not rule out penalties in the diesel scandal

In the US, investigations are underway against the automaker Mercedes. The suspicion: a diesel fraud as VW. Now the company warns its customers about possible recalls. Mercedes Star Wednesday, 26.04.2017 09:58 clock The exhaust gas scandal is going for Daimler more and more menacing. The Group does not exclude sensitive penalties given the investigation of… Continue reading Daimler does not rule out penalties in the diesel scandal

VW wants to outperform Mercedes as a DFB sponsor

Bidding competition for the German national team: Volkswagen wants to become the new main sponsor of the DFB. According to media reports, the DFB has already made a preliminary decision. Vehicles of the German national football team (2014) Thursday, 06.07.2017 10:21 clock Mercedes-Benz and the DFBThis is a traditional connection: For 45 years, the German… Continue reading VW wants to outperform Mercedes as a DFB sponsor

Volkswagen recalls Polo and Seat models

As a buckle could accidentally jump, VW recalls over 400,000 small cars back. Owners of affected vehicles should not use the center seat until the damage is corrected. Friday, 11.05.2018 5:45 pm Volkswagen Recalls 219,000 Polo of the current model year due to problems with rear seatbelt buckles. The defect also affects 191,000 Seat models… Continue reading Volkswagen recalls Polo and Seat models

Investigators search Daimler locations

Because of the diesel scandal it is now also at Daimler raids. The Stuttgart prosecutor’s office searched several locations of the car manufacturer. Daimler logo in Berlin Tuesday, 23.05.2017 16:12 clock The prosecutor Stuttgart searched because of possible diesel exhaust manipulation several sites of Daimler , That informed the Stuttgart car manufacturer on Tuesday. Further… Continue reading Investigators search Daimler locations

Cartel scandal blurs Daimler’s half-year balance sheet

Despite the diesel crisis and cartel entanglement: Daimler has sold more cars than ever before. But the good numbers have hardly any consequences on the stock market. Dieter Zetsche (archive) Wednesday, 26.07.2017 12:13 clock Despite the debates about diesel manipulation and driving bans, the auto company has Daimler made big profits again. In the second… Continue reading Cartel scandal blurs Daimler’s half-year balance sheet

That’s it, Mr. Zetsche

Li Shufu, head of Chinese automaker Geely, joins Daimler as a major shareholder. Hostile takeover? In fact, the group from Stuttgart could be trimmed with it faster on electric mobility. Geely boss Li Shufu Saturday, 24.02.2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely,… Continue reading That’s it, Mr. Zetsche

BaFin checks ad hoc errors at VW and Daimler

In the antitrust scandal car companies have to face a new threat. The Financial Supervisory Authority BaFin checks whether VW and Daimler have informed their investors too late about possible antitrust violations. VW CEO Matthias Müller (r.) Looks to Daimler CEO Dieter Zetsche Monday, 07.08.2017 15:05 clock Suspicious agreements now make German car companies targets… Continue reading BaFin checks ad hoc errors at VW and Daimler

An industry is breaking up

Recently, Daimler battered an electric car from Tesla during intensive tests. “Tear down” is the name of such analyzes in jargon. They are common in the industry – but are actually different. Tesla Model X (icon image) Monday, 04.12.2017 19:26 clock “There’s nothing going on, why can not he and we not?” So snorted Martin… Continue reading An industry is breaking up

Chinese billionaire becomes largest shareholder at Daimler

With a share of over seven billion euros, the boss of Volvo’s mother Geely has participated in Daimler. The Chinese company is counting on the departure from the pure combustion engine. Li Shufu, principal owner of Chinese auto giant Geely Friday, 23.02.2018 19:42 clock The Chinese carmaker Geely makes serious with the billion dollar entry… Continue reading Chinese billionaire becomes largest shareholder at Daimler