Mercedes-Benz

Oregon reaches settlement of approximately $150M with Mercedes-Benz, Daimler for alleged emissions fraud

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Oregon reaches settlement of approximately 0M with Mercedes-Benz, Daimler for alleged emissions fraud

PORTLAND, Ore. (CURRENCY) – Oregon Attorney General Dan Rayfield announced Monday that a nearly $150 million settlement has been reached with Mercedes-Benz and Daimler over emissions fraud. The settlement was reached by a coalition of 50 attorneys general and Mercedes-Benz and Daimler after the companies were accused of violating state laws that prohibit deceptive business … Read more

High-end car sales sink in China as its economy slows, weighing on European carmakers

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High-end car sales sink in China as its economy slows, weighing on European carmakers

HONG KONG (AP) — Chinese demand for foreign luxury cars is waning as customers opt for more affordable models from Chinese brands, often sold at deep discounts, that rekindle their taste for electronics and front-end comfort. This is bad news for European carmakers such as Porsche, Aston Martin, Mercedes-Benz and BMW who have long dominated … Read more