Daimler Seeing Red Due to Second Quarter Estimates

Daimler Seeing Red Due to Second Quarter Estimates

The first big automaker to release its financials for the second quarter, Daimler AG, the German maker of luxury cars, trucks and busses, reported a loss of for the second quarter, when as the pandemic took a heavy toll on the global economy. Daimler said the group’s...
FCA, PSA Pick Name for Post-Merger Company: Stellantis

FCA, PSA Pick Name for Post-Merger Company: Stellantis

The ongoing process to merge Fiat Chrysler Automobiles NV and French automaker Groupe PSA took another step forward as the two sides released the name of the new entity: Stellantis. Borrowing from the Latin verb “stello” meaning “to brighten with stars,” the name is...