Volkswagen CEO Oliver Blume is pushing for a sweeping restructuring plan that could eliminate up to 100,000 jobs and shutter four German plants, according to sources familiar with the proposal. The plan, set to be presented to Volkswagen’s supervisory board…
Natural rubber futures posted modest gains across major Asian exchanges last week, as fresh buying interest and short covering lifted prices following a recent sharp decline. According to Japan Exchange Group (JPX), the Tokyo-based exchange reported “improved physical demand” that…
The European Commission has imposed definitive anti-dumping duties ranging from 4.3% to 45.3% on passenger car and light truck tire imports from China. The measures, which enter into force on July 8, cover new pneumatic rubber tires for passenger cars…
Electric-vehicle maker Rivian Automotive announced plans to sell 75 million shares in a secondary offering, aiming to raise approximately $1.5 billion at the July 6 closing price of $20.14 per share. The proceeds will fund equity contributions tied to its…
Walmart has initiated summer price cuts across multiple products, including ground beef, corn, red cherries, ice cream, potato chips, Coca-Cola, and Pepsi, but the retail giant’s statement made no mention of any government involvement. The announcement came after President Donald…
Tesla has filled a long-standing gap in its U.S. lineup with the arrival of the Model Y L, a three-row, long-wheelbase variant of the popular electric crossover. Priced at $63,630 including destination, the Model Y L is the most expensive…
Small and medium-sized businesses (SMBs) are outperforming expectations in 2026, according to a DHL Express U.S. survey, signaling strong support for trucking margins—particularly in the less-than-truckload (LTL) sector. The survey found that 38% of SMBs exceeded their first-half 2026 plans,…
Tesla’s second-quarter deliveries rose 25% year-over-year globally, driven by a 40% spike in Europe where soaring gasoline prices turbocharged EV demand. The surge contrasts sharply with the U.S., where Tesla’s sales are estimated to have fallen 20% in Q2 to…
Global supply chains and overseas production have reshaped the auto industry, but heavy-duty trucks remain a bastion of American manufacturing. Several Class 8 brands continue to build their biggest rigs on U.S. soil, led by Freightliner, Peterbilt, Kenworth, Mack, Western…
America’s roads are turning into a monochrome wasteland. New data shows that the share of new cars painted in shades of gray, silver, or white has nearly doubled since 1996, rising 47.3% to dominate the market. In 1996, white was…