In 1985, the Yugo GV—an economy car built by Zastava in Yugoslavia and imported by Malcolm Bricklin—hit the U.S. market with a sticker price of just $3,990. Adjusted for inflation, that’s roughly $12,427 today, a bargain that made it the…
Stellant is rolling out Leapmotor’s B10 compact SUV in Mexico at MX$575,000 (US$33,000) as its North American beachhead, with Stellantis and Mopar handling sales and service. The B10 is a range-extender model—its 1.5-liter engine acts solely as a generator for…
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…
JBS NV, the world’s largest meatpacker, has abandoned its 2040 net-zero emissions target that covered all three greenhouse gas scopes and removed Scope 3 reduction goals from its climate plan. The company now focuses exclusively on emissions it directly controls—Scope…
In the second quarter of 2026, the Mercedes-Benz Group sold 511,900 cars and vans worldwide, representing a 2% increase over the previous quarter. Sales outside China rose 3% year-over-year, driven by strong growth in Europe and North America. The company’s…
Record overseas demand for U.S. diesel, propane, gasoline and jet fuel has drained commercial fuel reserves from the Gulf Coast to the East Coast as the escalating U.S.-Iran conflict tightens global energy markets. According to the Energy Information Administration’s latest…
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…
FedEx Corp. has agreed to sell its supply chain division, FedEx Supply Chain, to French logistics giant CMA CGM Group for $1.4 billion, a deal announced on July 1, 2026, and expected to close later that year. The transaction is…
According to Helene Budliger Artieda, Switzerland’s top trade diplomat, there is a “good chance” the country will secure a lasting trade deal with the U.S. at 15% tariff rates. The deal would provide Swiss companies with a more predictable trading…
Global oil shipping faces fresh turmoil after President Donald Trump declared the U.S. ceasefire with Iran “over” on July 8, 2026, prompting shipowners to reassess transit risks through the Strait of Hormuz. A Bloomberg survey of five tanker operators whose…