The diesel scandal just destroyed profit growth at Daimler, maker of Mercedes-Benz

Daimler, the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros. The financial downgrade, announced Sunday, is the latest fallout from the diesel emissions scandal that has rocked the German auto industry.

The company said that "various ongoing governmental proceedings and measures relating to diesel vehicles" will affect the company's second quarter earnings. It said it expects an increase in expenses related to those proceedings. read more »

Porsche recalls 100,000 cars for rollaway risks

One little part can cause a whole lot of trouble, especially if it's connected to a bunch of bits responsible for keeping your car in place after you've put it in Park and walked away. That's the reason behind Porsche's latest recall.

Porsche has issued a recall for approximately 100,000 examples of the 2010-2016 Porsche Panamera and the 2003-2010 Porsche Cayenne. The vehicles subject to the recall carry non-sequential VINs and the production dates vary wildly, so concerned owners should keep an eye on their mailboxes for official recall notifications. read more »

Florida's Potentially Deadly Autonomous Car Experiment Is Just Beginning

On June 13, Florida Governor Ron DeSantis signed into law new legislation that opens the door to fully autonomous vehicles in a way no other state has. “A fully autonomous vehicle may operate in this state regardless of whether a human operator is physically present in the vehicle,” the law reads in no uncertain terms. read more »