Daimler has temporarily halted deliveries of a truck engine after finding that, in certain driving conditions, its emissions of nitrogen oxide (NOx) could exceed legal limits, the company said on Sunday.
Zhejiang Geely Holding Group plans to take a major stake in Daimler, German weekly paper Bild am Sonntag reported, citing sources. Geely could become Daimler’s biggest shareholder, the paper said.
Daimler apologized this week for an incident in China that local media said involved a senior executive of the luxury automaker making disparaging comments to people in a parking dispute.
Daimler will invest 1 billion euros ($1.1 billion) in a second Mercedes-Benz plant in Kecskemet, Hungary, the automaker said today. The plant will build front and rear-wheel drive cars. It will also be capable of producing alternative powertrain models.
Daimler Insurance Services GmbH and CG Car-Garantie Versicherungs-AG have been successfully coopera¬ting in the fields of warranties and customer loyalty since as early as 2005.
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