Daimler Vows to Fight for Diesel's Survival Amid Disruption
- CEO Zetsche declines to comment on auto cartel ‘speculation’
- Cloud of scandal overshadows earnings surge at Mercedes
GAM's Howard Says Move to Electric Cars Inevitable
This article is for subscribers only.
Daimler AG is conducting a thorough investigation into allegations of diesel cheating as the German automaker seeks to burnish the technology’s battered reputation amid an onslaught of negative news for an industry reeling from scandals.
The maker of Mercedes-Benz cars is keen to shore up diesel, which powers many of its lucrative sport utility vehicles and big sedans as well as its trucks, vans and buses. The Stuttgart, Germany-based manufacturer is counting on diesel while it invests in lowering the price and increasing the range of battery-powered cars to meet increasingly tough environmental regulations.