Germany's automobile industry is up in arms - hit hard by accusations that auto manufacturers operated a cartel dating back to the 1990s.
Net earnings at the world's largest luxury carmaker have taken a dive, Daimler's latest quarterly earnings report has shown. It's the result of several costly campaigns, while overall sales left nothing to be desired.
Dieter Zetsche, CEO of German luxury carmaker Daimler vows to fight for diesel-powered vehicles, but declines to comment on the latest scandal rocking the nation's auto industry.
Daimler's Media Night presentation at the IAA in Frankfurt was a showy affair, meant to present the Mercedes Benz maker's speeding into the future. But first it has to get through the present, says Janelle Dumalaon.
Daimler is alleged to have sold over a million cars in Europe and the US containing engines rigged to cheat emissions tests. German authorities raided several locations associated with the automaker back in May.
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