The BMW Group has reported mixed global sales performance in the first half of 2026, with growth in the US and Europe offsetting declines in China and the Asia-Pacific region. The company delivered approximately 1.15 million vehicles worldwide between January…
Porsche’s global deliveries crashed 16% in the first half of 2026, with just 122,306 cars finding new homes compared to 146,391 in the same period last year. The German brand’s fortunes took a nosedive across most regions and models, but…
PepsiCo’s North American snack business stumbled in the second quarter of 2026, with revenue in the region falling 2% despite aggressive price cuts of up to 15% on some brands. The company blamed surging gas prices for the slowdown, noting…
Retail giant Target has restructured its strategy team, eliminating some positions as part of a broader push to streamline operations and improve efficiency under CEO Michael Fiddelke. The changes, outlined in an internal memo, aim to better align resources, reduce…
Daimler Truck North America (DTNA) reported its first quarterly year-over-year sales increase in six quarters, with Q2 2026 vehicle sales climbing 8% to 41,687 units. The rebound marks a sharp turnaround from Q1 2026, when sales plunged 24.5% year over…
Danish hypercar maker Zenvo is rolling out two Aurora validation prototypes to this year’s Goodwood Festival of Speed. The lineup includes the Aurora Tur, a grand-touring variant, and the Aurora Agil, a track-focused version. Both cars are powered by a…
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…