Daimler AG

Daimler Will Recall 85,000 Mercedes Cars in the U.S.

Daimler AG (DDAIF) is recalling about 85,000 Mercedes-Benz cars in the U.S. to adjust their power-steering systems. The adjustment is aimed to prevent the loss of power steering fluid, The Wall Street Journal said, citing a statement on the website of U.S. traffic authority NHTSA.

Daimler Agrees to Settle a U.S. Bribery Case

The German automaker has agreed to pay a $185 million settlement in the case, in which it's accused of funneling tens of millions of dollars to a number of foreign governments in exchange for their business. An April 1 court hearing has been scheduled.