Diesel in danger of becoming a Mercedes millstone

Diesel in danger of becoming a Mercedes millstone
Diesel issues to hit Mercedes parent's profits

Parent company Daimler has warned of a huge hit to profits because of provisions for 'various ongoing governmental proceedings and measures relating to diesel vehicles', without saying what these were

When Volkswagen admitted rigging diesel emission tests in September 2015, its German rival Daimler sounded pretty dismissive in defending the compliance of its own Mercedes-Benz vehicles.

“We categorically deny the accusation of manipulating emission tests regarding our vehicles,” the luxury car giant said. “A defeat device, a function which illegitimately reduces emissions during testing, has never been and will never be used at Daimler. This holds true for both diesel...

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