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 has struck a deal with workers to make electric car components and batteries at the Mercedes-Benz factory in Untertuerkheim, near Stuttgart, in addition to combustion engines, transmissions and axles.
A German government committee investigating carmakers has summoned Daimler for a meeting Thursday to address allegations it sold cars with excessive emissions, the transport ministry 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.
Ulrich Bastert (55), Head of Marketing, Sales and Services Mercedes- Benz Trucks, and Till Oberwörder (44), Head of Marketing, Sales and After Sales Daimler Buses, will swap their positions.
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