Hankook Tire & Technology has reported a 58.1% increase in second quarter operating profit, with consolidated revenue reaching KRW5,682 billion (€3.47 billion), up 5.8% year-on-year. The tire business generated a revenue of KRW2,807 billion, an 11.8% increase from the second…
Global oil markets are facing a sharper supply squeeze than anticipated following renewed escalation in the Iran war, the International Energy Agency (IEA) reported. The agency now estimates a shortfall of 1.8 million barrels a day for this quarter—more than…
General Motors has agreed to sell its 49.99% stake in a planned $3.5 billion electric-vehicle battery joint venture in Indiana to Samsung SDI, the South Korean battery giant announced on August 11, 2026. Samsung SDI will acquire the stake and…
The UK new-car market has flipped the script on transmissions: automatic gearboxes now dominate to an unprecedented degree. Fresh registration data shows that 92% of all new cars ordered in Britain this year came with automatic transmissions, while only 7.9%…
The Deep Orange 17, a BMW-backed research project developed by 16 graduate students at Clemson University, is an ultra-light EV coupe that utilizes 1,700 solar cells to generate surplus energy after a typical 12-mile urban commute. Weighing just 1,212 pounds,…
As government regulations and federal incentives for electric trucks fade, the adoption of electric trucks will depend on business cases, with fleets prioritizing total cost of ownership and operational fit. Industry participants cite cost, route suitability, and customer demands as…
Fleets such as Pitt Ohio, NFI, and Penske Logistics are finding that electric yard tractors are a viable option due to predictable yard operations, which suit battery-electric vehicles. Despite costing around twice as much as diesel models, electric yard tractors…
Ford has officially named its new entry-level electric pickup the Fathom, slapping a starting price of $29,945 on the truck that’s due to hit U.S. driveways in late 2027. Pre-orders open in early 2027 as Ford tests demand in a…
The automotive industry is shifting away from frequent, smartphone-style over-the-air (OTA) updates, instead favoring fewer, higher-impact releases that significantly change how a vehicle behaves. With hundreds of millions of connected vehicles on the road by the end of 2025, automakers…
During a speech at the Red Rock Resort in Las Vegas on Wednesday, former President Donald Trump labeled electric-vehicle range anxiety as “a disease,” claiming it was a condition afflicting EV drivers who worry about charging availability even when their…