More speed, more efficiency: BMW Group realigns for tougher competition
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant…
Market & Business
Carvana posts record quarterly profit but shares dive as growth slows and per-vehicle earnings slip
Online used-car retailer Carvana reported a record second-quarter adjusted EBITDA of $769 million on July 29, 2026, beating the $766 million average…
PACCAR to keep selling current heavy-duty truck engines in 2027 despite tighter emissions rules
PACCAR, the parent company of Kenworth, Peterbilt, and DAF, will continue selling its current heavy-duty truck engine configurations that do not meet…
BMW rolls out voluntary buyouts to slash 8,000 jobs globally amid China sales slump
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of…
Coca-Cola lifts 2026 guidance on World Cup sales surge
Coca-Cola raised its full-year 2026 guidance after posting strong quarterly results, now forecasting organic sales growth of 5%—up from a prior range…
Oil prices slide on signs of easing U.S.-Iran tensions
Oil prices slipped further on Monday as the United States and Iran held off from escalating their intermittent conflict, with mediators reporting…
Mercedes-Benz’s new electric C-Class redefines the segment
Mercedes-Benz has accelerated its model offensive, posting a second-quarter revenue of €32.1 billion (down from €33.2 billion in Q2 2025) and group…
Michelin reports steady first-half earnings despite lower sales
Michelin has posted flat first-half earnings for 2026, with group sales declining 2.6% year-on-year to €12.69 billion in the six months ended…
Dow reports higher silicone sales amid downstream demand surge
US chemicals giant Dow Inc. has posted a double-digit sales increase in its Performance Materials & Coatings segment for Q2 2026, driven…
China’s Longxing begins bulk deliveries of sustainable carbon black to European tire giant
China’s Longxing Technology Group has launched volume shipments of sustainable carbon black derived from waste-tire pyrolysis oil to a major European tire…