The German state of Baden-Wuerttemberg, home to Mercedes and Porsche, said it would appeal a court ruling obliging it to ban diesel cars from the streets of its capital, Stuttgart. That means the ban will not come into force at the start of 2018 as planned.
The stadium sponsorship will put the Mercedes brand in front of millions of football, soccer and music fans. Those fans include many younger consumers who may not realize the breadth of the brand's expanding lineup.
Ferrari has introduced its new "entry-level" Portofino supercar that costs $234,000, while Mercedes has revealed the Project One concept, which will have a sticker price of $2.5 million, as the two automakers vie for the world's most lucrative customers.