trending Market Intelligence /marketintelligence/en/news-insights/trending/-d76PqZvTQNGw7mxIWdR0w2 content esgSubNav
In This List

Beijing Benz recalls over 95,000 vehicles

Blog

Insight Weekly: Banks brace for recession; Europe PE deal values soar; US solar imports rebound

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook


Beijing Benz recalls over 95,000 vehicles

Beijing Benz Automotive Co. Ltd. plans to recall 95,694 vehicles over defective steering racks, Xinhua News reported, citing a Chinese market regulator.

The faulty equipment could make steering difficult and pose safety risks. Beijing Benz, the joint venture between Mercedez Benz parent Daimler AG and BAIC Motor Corp. Ltd., said it will replace the parts free of charge.

The State Administration for Market Regulation said the recall involved C-class, E-class and GLC SUV models manufactured in China between October 2016 and April 2018.