Good news from the U.S. economy. Manufacturing activity surged to its highest level in nearly 14 years in early January, but at the same time bottlenecks in the supply chain caused by the coronavirus pandemic are driving up prices. And a rise in inflation is coming in the months ahead. Other data show an unexpected… Read more
Fiat Chrysler and PSA sealed their merger on Saturday to create Stellantis. The new company is the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. It took over a year for the Italian-American and French automakers to finalise the $52… Read more
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