Saturday, 23 June, 2018

German Regulator Found Defeat Devices In Daimler Diesel Cars

Mercedes diesel car MERCEDESMercedes-Benz diesel cars found to be fitted with emissions defeat devices
Ginger Lawrence | 13 June, 2018, 03:28

Daimler said it would refit the software but denied any wrongdoing.

According to the authorities, the cars use an illegal shut-off device that reduces exhaust gas cleaning when the vehicles are being driven normally on the road.

The announcement came a day after Germany's Bild am Sonntag newspaper reported that the national road vehicle authority KBA had found five illegal switch-off devices in Daimler diesels.

The affected diesel models found to be fitted with these devices are the C-Class, Vito and GLC models, as these were the main ones affected.

The German government has ordered carmaker Daimler to immediately recall 238,000 vehicles equipped with software that turns off emissions controls under certain conditions.

The manufacturer saw 11 of its sites in Germany raided by prosecutors in May 2017, with the searches said to be linked to investigations "against known and unknown employees at Daimler, who are suspected of fraud and misleading advertising connected to manipulated emissions treatment of diesel passenger cars".

Mercedes GLC
MERCEDESMercedes GLC C Class and Vito cars found to be with emissions defeat devices

It added that a total of 774,000 Mercedes vehicles being used across Europe contain the defeat devices. However, the KBA had taken issue with the emissions control features amid suspicion they allowed vehicles to emit excess pollution without detection.

It's now unclear how many models in the United Kingdom are impacted. "Those functions are part of a complex emission control system created to ensure robust emission control in different driving conditions and over the lifetime of a vehicle".

Daimler has pledged to work on removing the software and to cooperate with authorities, the ministry said.

Evercore ISI analyst Arndt Ellinghorst predicted the costs for the required software update for Daimler would be less than 100 million euros ($118 million).

In a separate statement, Daimler confirmed the recall and said the question over the legality of the software would still need to be clarified.

'Overall, this outcome should de-risk the stock'.

Ethereum Classic Price Surges 20% as Coinbase Integrates ETC
Additionally, Coinbase has credited everyone who had Ethereum balance during the hard fork in 2016 and did not withdraw. So far things are all on the brighter side for this currency when the entire market is thriving to stabilize itself.