Daimler shares drop almost 7% over emissions testing probe

Shares in German carmaker Daimler, the owner of Mercedes-Benz, dropped by nearly 7% in morning trading after it revealed it is conducting an internal investigation into its emissions testing process at the request of the US Department of Justice (DoJ).

A Daimler spokesman said that the DoJ contacted the firm last week after a class-action lawsuit was filed, claiming its cars are programmed in a way that lets them emit illegal levels of emissions, similar to diesels made by fellow German carmaker Volkswagen.