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Market

Union Pacific secures CN’s backing for $85 billion Norfolk Southern takeover

July 25, 2026 by Marcus Webb

Union Pacific has won the support of Canadian National (CN) for its proposed $85 billion acquisition of Norfolk Southern, a deal that would create the first U.S. transcontinental railroad. The Surface Transportation Board (STB) is reviewing the merger, which critics…

Categories Parts & Suppliers Tags Market

Fleets Are Ditching Google for Dedicated Heavy-Duty Service Platforms

July 25, 2026 by Marcus Webb

Fleets are increasingly abandoning Google searches and static internal vendor lists in favor of dedicated heavy-duty service locators like TruckDown.com to slash downtime and boost efficiency when breakdowns strike. Every minute a truck sits idle costs fleets revenue, missed deliveries,…

Categories Parts & Suppliers Tags Fleet, Market

Ford sells part of Valencia plant to Geely for EV production

July 25, 2026 by Marcus Webb

Ford has officially finalized a deal to sell a portion of its Valencia Assembly plant in Spain to Chinese automaker Geely. The transaction will see Geely take over part of an assembly line that has been idle since Ford discontinued…

Categories Industry News Tags Dodge, EV, Ford, Geely, Hybrid, Market

Ford Ranks Sixth Globally in Q1 2026 Market Share, Geely Close Behind

July 24, 2026 by Marcus Webb

Ford has maintained its status as a top global automaker despite recent challenges, particularly in China where competition has intensified. According to automotive analyst Felipe Munoz, Ford secured the sixth position in global market share for Q1 2026, capturing 4.42%…

Categories Industry News Tags BYD, Ford, Geely, Hyundai, Market, Toyota, Volkswagen

Tesla’s Cybertruck risks repeating Ford’s Edsel flop as sales miss the mark

July 24, 2026 by Marcus Webb

Tesla’s angular Cybertruck is drawing comparisons to Ford’s Edsel after failing to meet lofty sales expectations since deliveries began in 2023. U.S. registrations for the Cybertruck totaled 7,133 through May 2026, according to S&P Global Mobility data provided to Bloomberg…

Categories Parts & Suppliers Tags Debuts, Ford, Market, Pickup trucks, Tesla

Tesla Q2 revenue beats estimates but profit falls short

July 23, 2026 by Marcus Webb

Tesla reported second-quarter revenue of $28.2 billion, beating market forecasts, but adjusted earnings of just 33 cents per share missed Wall Street’s 51-cent average estimate. The electric-vehicle giant also posted its first negative free cash flow in more than two…

Categories Parts & Suppliers Tags Fleet, Market, Tesla

Mack Trucks rolls out Lock & Leave for unattended over-the-air software updates

July 14, 2026 by Marcus Webb

Mack Trucks is rolling out Lock & Leave, a new feature that lets drivers initiate over-the-air (OTA) software updates and then leave the truck unattended while the update completes. Scheduled for launch in fall 2026 pending final validation, Lock &…

Categories Parts & Suppliers Tags Commercial trucks, Debuts, Fleet, Mack, Market, Volvo, Volvo Trucks

LTL carriers set sights on expansion amid truckload capacity squeeze

July 14, 2026 by Marcus Webb

Less-than-truckload (LTL) carriers are poised for further growth as truckload capacity tightens, driving up demand and shipment weights in the second quarter of 2026. Executives report sequential improvements in demand and rising revenue per shipment, with LTL pricing climbing near…

Categories Parts & Suppliers Tags Fleet, Market

Tire Makers Urge Changes to EU Industrial Accelerator Act

July 14, 2026 by Marcus Webb

Europe’s tire manufacturers are calling on the European Commission to strengthen the proposed Industrial Accelerator Act (IAA) to support the competitiveness and decarbonisation of the EU tire industry. In a position paper, Tyres Europe welcomed the Commission’s recognition of tire…

Categories Parts & Suppliers Tags Market, Performance

VW sales plummet as automaker eyes drastic brand cull to cut model lineup in half

July 10, 2026 by Marcus Webb

Volkswagen Group reported a brutal 8.6% drop in global sales during the second quarter, with deliveries falling to just under 2.1 million vehicles. The decline was led by a catastrophic 33%+ slump in China, where rising tariffs, regulatory pressure, and…

Categories Parts & Suppliers Tags Audi, EV, Lamborghini, Market, Porsche, Škoda, Volkswagen
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