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Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]

S. Korea to Punish Local Units of Mercedes-Benz, Stellantis for Emission Rigging

S. Korea to Punish Local Units of Mercedes-Benz, Stellantis for Emission Rigging

SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]

LG Electronics’ ADAS Front Camera to be Used in Mercedes-Benz C-Class

LG Electronics’ ADAS Front Camera to be Used in Mercedes-Benz C-Class

SEOUL, Oct. 6 (Korea Bizwire) — LG Electronics Inc. said Wednesday its Advanced Driver Assistance Systems (ADAS) front camera co-developed with Daimler AG will be used in Mercedes-Benz C-Class vehicles. An ADAS front camera, usually tucked between the windshield and the rearview mirror, is considered the “eye” of a smart vehicle as it collects various [...]