The United Arab Emirates informed OPEC that its crude oil production skyrocketed by 80% in June, reaching approximately 3.8 million barrels per day. This surge follows Abu Dhabi’s decision to exit OPEC’s production limits at the start of May, effectively…
Stellantis reported a 10% increase in second-quarter shipments, totaling approximately 1.6 million vehicles, driven by strong growth in North America. The company saw a 38% jump in North American shipments, with the reintroduction of popular models such as the Ram…
Volkswagen CEO Oliver Blume has outlined plans to cut up to 50,000 additional jobs globally as part of a sweeping cost-reduction overhaul. The move reflects the company’s high overhead, which is roughly 20% above its rivals, as well as pressure…
Triumph has unveiled the 2027 Speed Twin 1200 Cafe Racer Edition, a limited-edition retro sportbike based on the Speed Twin 1200 RS platform. This exclusive model is styled after the British café racers of the 1960s and will have a…
The United States and Iran have exchanged strikes on July 13, with both countries claiming control of the Strait of Hormuz. The conflict has disrupted a key global oil and gas route, with Iran targeting vessels and traffic dropping sharply…
Oil prices have jumped and world shares are mixed after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, climbed as much as nearly 5% early on July 13 before falling back to…
Transport Topics has relaunched its print issue after more than a year of work, following an initial design preview with its Top 100 For-Hire Carriers list edition. The relaunch reflects reader research showing busy trucking professionals increasingly use digital news…
Waze is introducing a range of new features, including personalized navigation, a motorcycle mode, and the ability to find destinations for users. The personalized navigation feature suggests routes based on users’ previous trips, learning their preferences and adapting to their…
Eni and the BMW Group have announced an agreement to power BMW corporate fleets in Italy with Enilive HVOlution, a diesel biofuel produced from 100% renewable feedstocks. The BMW Group considers 100% pure HVO as an important solution towards reducing…
Volkswagen Group’s CEO, Oliver Blume, has admitted that the company’s underlying problem is slim profit margins. Despite high demand for its products, the company is not making enough money from them due to high production costs. To address this issue,…