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Mercedes-Benz pays $4.15 billion in settlements to US authorities, diesel owners
News
19th Aug 2020
1 min read

Mercedes-Benz pays $4.15 billion in settlements to US authorities, diesel owners

The parent company of Mercedes-Benz has agreed to settle an investigation and lawsuit into diesel emissions cheat software in the US. An announcement by Daimler – owner of Mercedes-Benz – outlined the settlements to US authorities and those included in the civil lawsuit, totalling almost US$3 billion (AU$4.15B).
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Ben Zachariah
Mitsubishi being investigated in Germany over diesel emissions defeat devices
News
22nd Jan 2020
2 min read

Mitsubishi being investigated in Germany over diesel emissions defeat devices

Offices in Germany linked to Mitsubishi, including its research and development centre, have been raided as part of an investigation by the Frankfurt prosecutor’s office. The prosecutor's office says it is investigating whether Mitsubishi vehicles fitted with the company's 1.6- and 2.2-litre four-cylinder turbocharged diesel engines used illegal software to pass emissions tests.
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Derek Fung
BMW, Daimler, Volkswagen fined for steel cartel
News
22nd Nov 2019
1 min read

BMW, Daimler, Volkswagen fined for steel cartel

Germany's three major automakers, the BMW Group, Daimler (parent of Mercedes-Benz) and the Volkswagen Group, have been fined a total of €100 million ($163 million) for forming a cartel to buy certain steel products. The Bundeskartellamt, Germany's competition commission, says the three car companies met twice a year with steel makers between 2004 and 2013 to set uniform surcharges for the long steel they purchased. Illegally set prices were in use until 2016.
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Derek Fung
Smart to exit the US
News
29th Apr 2019
1 min read

Smart to exit the US

Daimler has confirmed Smart will leave the US and Canadian markets by the end of the 2019, but the automaker will continue to provide support for existing cars through its Mercedes-Benz dealership network. The German automaker told TechCrunch, "After much careful consideration, Smart will discontinue its battery-electric Smart EQ ForTwo model in the US and Canadian markets at the conclusion of MY2019".
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Derek Fung
Geely buys 50 per cent of Smart
News
28th Mar 2019
2 min read

Geely buys 50 per cent of Smart

Daimler and Geely have agreed to form a joint venture company to run Smart, with each firm owning 50 per cent and having three seats on the board of directors. As was planned before today's announcement, Smart will become an all-electric brand from 2020 onwards. It will also continue to focus on inner city-friendly vehicles, although the "product portfolio is also planned to be extended into the fast-growing B-segment".
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Derek Fung