 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Berlin (AFP) April 14, 2019
Daimler confirmed Sunday it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant in some of its vehicles. The Federal Motor Transport Authority (KBA) has initiated a formal hearing procedure, Bild am Sonntag newspaper reported. The Stuttgart-based carmaker confirmed the hearing procedure. "We fully cooperate with the Federal Motor Transport Authority and are reviewing the facts," said Daimler in a statement. "In the course of the hearing proceedings, we will present our view to KBA." According to the Bild report, around 60,000 vehicles of the Mercedes-Benz GLK 220 CDI models produced between 2012 and 2015 were affected. The software allegedly reduced emissions of nitrogen oxide during test conditions. On the road however, the affected vehicles were spewing out amounts of the harmful gas that were above regulatory limits. The KBA last year had already ordered Daimler to recall 700,000 vehicles worldwide, including 280,000 in Germany, over illegal software -- a ruling the carmaker is appealing. Daimler is also potentially facing a big fine over the diesel scam as German prosecutors said in February they had opened a "fine procedure" against it. Diesel investigations have been running in Germany since 2015, when automobile giant Volkswagen admitted to building defeat devices into 11 million cars worldwide. bur-hmn/nla
Uber steers toward blockbuster IPO as road looks rocky San Francisco (AFP) April 11, 2019 Uber could become a $100 billion company with a massive share offering that will be a bellwether for tech startups looking toward Wall Street. Media reports said the ride-hailing giant is seeking to raise some $10 billion in what would be the largest stock offering of the year. That could result in a valuation close to $100 billion - an impressive figure but below some earlier estimates amid an ebbing of enthusiasm on growth and profitability, the Wall Street Journal reported. The Journal s ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
