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Daimler recalls 1.29 million U.S. vehicles for software issue By Reuters

By David Shepardson WASHINGTON (Reuters) - Daimler AG (DE:DAIGn)'s U.S. unit Mercedes-Benz USA said Saturday it is recalling 1.29 million vehicles sold since 2016 because software may fail to communicate correct vehicle location in the event of a crash. The recall covers some 2016-2021 model year CLA-Class, GLA-Class, GLE-Class, GLS-Class, SLC-Class, A-Class, GT-Class, C-Class, E-Class, S-Class, CLS-Class, SL-Class, B-Class,...

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Karnataka’s Yediyurappa says Tesla to set up electric car manufacturing unit – CNBC TV 18 By Reuters

(Reuters) - Tesla Inc will set up an electric car manufacturing unit in the southern Indian state of Karnataka, CNBC TV 18 reported on Saturday, citing Karnataka chief minister B.S. Yediyurappa. Last month the company incorporated Tesla Motors India and Energy Private Limited with its registered office in the southern city of Bengaluru, a hub for several global technology companies. ...

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Daimler Trucks labour chief wants clean tech investments in Germany By Reuters

FRANKFURT (Reuters) - Daimler Trucks, which is being spun off by its parent group later this year, should invest much of a 1.5 billion euro ($1.8 billion) fund for cleaner technologies in Germany, works council chief Michael Brecht said on Saturday. Daimler announced the fund on Feb. 3 alongside plans to spin off the world's largest truck and bus maker, as it...

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Vivendi plans to distribute 60% of UMG capital to shareholders, list it by year-end By Reuters

By Dominique Vidalon PARIS (Reuters) - Vivendi (PA:VIV) said on Saturday it planned to distribute 60% of Universal Music's capital to investors, subject to shareholder approval, and aimed to list its most-prized asset, home to singers such as Lady Gaga and Taylor Swift, by the end of the year. The plan to list Universal represents part of a process...

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Britain’s Karim Khan elected International Criminal Court prosecutor By Reuters

By Michelle Nichols and Stephanie van den Berg NEW YORK (Reuters) - Parties to the International Criminal Court on Friday elected Britain's Karim Khan as the new prosecutor for a nine-year term starting on June 16. Khan won a secret ballot against three other candidates to replace lead prosecutor Fatou Bensouda. The 123-member Hague-based court, which began work nearly 20 years...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.16% By Investing.com

Investing.com – Canada equities were higher at the close on Friday, as gains in the Healthcare, Energy and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.16%. The biggest gainers of the session on the S&P/TSX Composite were Aphria Inc (TSX:APHA), which rose 7.68% or 1.640 points to trade at 23.000 at the...

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