Latest Daimler AG News

Fiat Chrysler-PSA deal likely to bring fewer brands, models

Oct. 31, 2019 5:53 PM EDT

MILAN (AP) — Automobile shoppers across the globe are likely to see fewer vehicles and brands if the merger of Fiat Chrysler and France's PSA goes through, but the new company will be big enough to compete in a fast-changing business that requires vast sums of money to develop autonomous and electric...

Luxury cars and vans help shore up Daimler's profits

Oct. 24, 2019 4:19 AM EDT

FRANKFURT, Germany (AP) — Germany's Daimler AG, the maker of Mercedes-Benz cars, said Thursday that stronger sales of luxury cars and higher profits in its van business helped shore up third-quarter profits. The company said its net profit rose by a modest 3% from the year before, to 1.81 billion euros...