My partner and I will not buy a stock in Daimler. Because of the recent speculation about Daimler bribing overseas officials in at least 22 countries (Andie Tse), I do not think it is the right time to invest. Because of the recession, less Mercedes are being bought-I even know someone who sold their Mercedes for half the price they paid. With this new speculation about bribery, stock prices are likely to drop even more. Daimler stock is already down 2.5% at $45.70 in pre-market trading. It is my belief that once Daimler is forced to pay their $185 million dollar fine, stock sales will rapidly begin to decrease. People aren't going to want to support Daimler's fine because they made a bad decision, and bribed officials. Also, people are likely to lose money if they keep their stocks in the company. In a time where money is particularly scarce, I would not, and definitely would not expect others, to invest in a company that sells cars at such a high price, and in addition now has to pay almost 200 million dollars in fines. I would be much more likely to invest in a family-friendly car which is more affordable, and safer whether it be through buying the car, or even investing in their stocks.
by Jenna Weinblatt
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