Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Mercedes-Benz USA, Daimler AG’s US unit, announced over the past weekend that it would recall 1.29 million vehicles, as their software may not communicate the correct vehicle location in case a crash occurs.

The German company added it was preparing a software update, which will be installed by dealers or over-the-air.

Daimler also said it was not aware of any cases of material damage or personal injury related with the abovementioned issue.

As of 8:20 GMT on Tuesday the shares of Daimler AG were gaining 0.57% (EUR 0.370) on the day to trade at EUR 65.250 on the Frankfurt Stock Exchange.

Mercedes-Benz USA said that ”a temporary collapse of the communication module’s power supply caused by a crash might lead to the vehicle’s position during a potential emergency call being incorrect.”

The auto maker also said that ”other functions of the automatic and manual emergency call function remain fully operational.”

A company filing with the National Highway Traffic Safety Administration showed that the recall affected some 2016-2021 model year CLA-Class, GLA-Class, GLE-Class, GLS-Class, SLC-Class, A-Class, GT-Class, C-Class, E-Class, S-Class, CLS-Class, SL-Class, B-Class, GLB-Class, GLC-Class and G-Class vehicles.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: USD/CAD daily trading forecastForex Market: USD/CAD daily trading forecast Friday’s trade saw USD/CAD within the range of 1.1026-1.1097. The pair closed at 1.1094, gaining 0.56% on a daily basis.At 7:37 GMT today USD/CAD was up 0.05% for the day to trade at 1.1099, which is also the current daily […]
  • FTSE 100 index rises to three-week high, central banks minutes in focusFTSE 100 index rises to three-week high, central banks minutes in focus Britains blue-chip index rose for a fifth day to touch the highest level in nearly three weeks following solid performance on Wall Street yesterday, supported by partially seceded geopoltical risks in several regions. Downbeat inflation data […]
  • China Announces 125% Tariff on US Goods, Nikkei 225 Slides Almost 3%China Announces 125% Tariff on US Goods, Nikkei 225 Slides Almost 3% Key momentsUS exports to China have been hit with a higher tariff of 125%. Nikkei 225 shed over 1,000 basis points on Friday, while the ASX 200 fell 0.82%. Korean stocks also dropped by 0.50%. The Hang Seng and SSE indices bucked this […]
  • Forex Market: AUD/USD daily forecastForex Market: AUD/USD daily forecast During yesterday’s trading session AUD/USD traded within the range of 0.9374-0.9417 and closed at 0.9392.At 9:09 GMT AUD/USD traded at 0.9352, losing 0.51% for the day. The pair touched a daily low at 0.9339 at 7:15 GMT, breaching the two […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.2074 - 1.1942, the lowest in more than three months. The pair closed 0.11% lower at 1.2021, falling for a third straight session.At 6:48 GMT today USD/CAD was up 0.12% for the day to […]
  • Commodities trading outlook: gold holds near 5-month high, copper dipsCommodities trading outlook: gold holds near 5-month high, copper dips Gold edged up on Wednesday to trade near $1 300 an once as worries about global growth and the possible launch of a quantitative easing program by the ECB prompted investors to seek the safety of the metal. Silver rose as well, while platinum […]