Category: News

Daimler Marks Milestone as Sprinter Turns 25

Daimler AG celebrated a 25-year milestone for its Mercedes-Benz Sprinter model, which began production in 1995, and whose roots go back 40 years to the company’s initial array of small cargo vehicles in various shapes.

US Unemployment Drops Unexpectedly to 13.3%

The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers faster than economists had predicted.

Navistar Q2 Results Tumble in Pandemic

Navistar International Corp. posted a narrower fiscal second-quarter net loss and about a $1 billion drop in revenue as key business segments and its supply chain were disrupted by the novel coronavirus pandemic.