Who Will Buy the Million-Dollar Mercedes?

July 7 (Bloomberg) –- Jalopnik.com's Matt Hardigree and Bloomberg's Matt Miller discuss Mercedes-Benz bringing back the Pullman version of its top-of-the line S-Class and the recent accidents involving Tesla's Model S. They speak with Trish Regan on "Street Smart." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
11:02 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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