Daimler Cuts Forecast as Mercedes Trails Audi, BMW

Daimler AG, the world’s third-biggest maker of luxury vehicles, lowered its 2012 forecast and scrapped profit targets for next year amid declining demand in Europe and increased competition in China.

South Korea Orders Recall of Over 125,000 Volkswagens
33:47 - The Volkswagen emissions scandal has widened with South Korea ordering the recall of thousands of cars and issuing a fine of more than $12M. Bloomberg's Juliette Saly reports on "Asia Edge." (Source: Bloomberg)
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