daimler ag

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. Sponsored...

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.

November is a notoriously weak month for auto sales. So it's perhaps a bit surprising that several carmakers reported either increased or steady sales last month, despite concerns among analysts and others that last summer's "cash for clunkers" program would merely rob sales from the months to...