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

  • Thermon appoints new Chief Financial OfficerThermon appoints new Chief Financial Officer Thermon Group Holdings Inc (NYSE: THR), a leader in industrial process heating solutions, said on Wednesday that it had appointed Jan L. Schott as Senior Vice President and Chief Financial Officer, effective October 14th.Schott has […]
  • GM sells its entire 7% stake in PeugeotGM sells its entire 7% stake in Peugeot General Motors Co. sold its entire stake of the struggling French carmaker which hopes to find financial help from its Chinese partner - Dongfeng.Peugeot and Dongfeng Motor Co. have agreed to expand their industrial alliance. But the two […]
  • Forex Market: EUR/CAD daily forecastForex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4504-1.4548 and closed at 1.4532.At 6:47 GMT today EUR/CAD was adding 0.02% for the day to trade at 1.4539. The pair touched a daily high at 1.4550 at 4:40 […]
  • CI Financial reports CAD 346 billion in total assets in AugustCI Financial reports CAD 346 billion in total assets in August CI Financial Corp (CIX) on Thursday reported preliminary total assets of CAD 345.9 billion as of August 31st. That represents a 16.7% decrease compared to August 2021.The company’s assets under management dropped to CAD 119.0 billion […]
  • Grain futures mixed, corn rebounds from 3-year lowGrain futures mixed, corn rebounds from 3-year low Grain futures were mixed but fairly unchanged on Tuesday, with soybeans slightly falling, while wheat marked a minor gain and corn rebounded from a new 3-year low.On the Chicago Board of Trade, corn futures for September delivery traded at […]
  • Carlsberg share price down, CEO to step down amid falling earningsCarlsberg share price down, CEO to step down amid falling earnings Carlsberg A/S announced changes at the helm as the worlds fourth-biggest brewer projected lower profit in the year ahead on problems in Russia and Ukraine.Chief Executive Jorgen Buhl Rasmussen will step down from the lead position and be […]