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Mercedes-Benz Korea Seeks Cancellation of Fine for Emissions Manipulation

Mercedes-Benz Korea Seeks Cancellation of Fine for Emissions Manipulation

SEOUL, Feb. 2 (Korea Bizwire) – Mercedes-Benz Korea has requested a Seoul court cancel a multibillion-won fine imposed on the company for manipulating diesel emissions in the country, judicial sources said Tuesday. The German carmaker filed a lawsuit against the environment ministry in October with the Seoul Administrative Court, seeking the cancellation of a 77.6 billion-won (US$69.3 [...]

Mercedes-Benz Model 1st to be Exchanged Under Lemon Law in S. Korea

Mercedes-Benz Model 1st to be Exchanged Under Lemon Law in S. Korea

SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s transport ministry said Wednesday that a Mercedes-Benz S Series model became the first model that will be exchanged for malfunctions under a local lemon law. The Ministry of Land, Infrastructure and Transport said it held an experts’ review committee meeting last month to decide whether the Mercedes-Benz [...]

S. Korea to Slap Record 77.6 bln-won Fine on Mercedes Benz for Manipulating Emissions

S. Korea to Slap Record 77.6 bln-won Fine on Mercedes Benz for Manipulating Emissions

SEOUL, May 6 (Korea Bizwire) — The South Korean government said Wednesday that it will slap a 77.6 billion-won (US$63.4 million) fine on Mercedes-Benz Korea for fabricating emissions data of its diesel cars sold between 2012 and 2018. The South Korean unit of the German carmaker was found to have submitted falsified emissions reports for [...]

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

SEOUL, April 6 (Korea Bizwire) — Mercedes-Benz disbursed the largest dividends to shareholders after dominating the South Korean imported car market last year. Mercedes-Benz Korea and Mercedes-Benz Financial Services Korea reported dividends of 138 billion won (US$112 million) for 2019, up by 32.4 percent from 2018. Mercedes-Benz sold 78,133 cars last year, up 10.4 percent [...]