Dr. Milan Nedeljković, Chairman of the Board of Management at BMW AG, delivered a candid assessment of the company’s Q2 2026 performance during a conference call, highlighting significant market pressures and a decisive restructuring plan to restore competitiveness. The second-quarter…
Sinochem Equipment Technology (Qingdao) Co. Ltd has received clearance from the Shanghai Stock Exchange’s (SSE) mergers and acquisitions committee for its proposed acquisition of Yiyang Rubber & Plastics Machinery Group Co. Ltd and Bluestar (Beijing) Chemical Machinery Co. Ltd. The…
Indian automotive components manufacturer Talbros Automotive Components Ltd (TACL) has finalised a joint venture with Lohum Cleantech Pvt Ltd to produce recovered carbon black (rCB) and devulcanised rubber. The new entity, Lohum Talbros CarbonTech Pvt Ltd, was established on 2…
Zeon Corp.’s elastomers business has reported a 31% year-on-year increase in operating income, with flat sales in the first quarter of its financial year. The business unit posted an operating income of Yen5.5 billion (€30 million) for the three months…
Versalis, Eni’s chemicals business, has reduced its second-quarter loss by 65% year-on-year, with a pro-forma adjusted loss of €65 million for the three months ended 30 June, compared to a loss of €184 million in the same period last year.…
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant downturn in the Chinese market and challenging operating conditions worldwide, the company is maintaining a clear course. In…
The BMW Group has released its Half-Year Report to 30 June 2026. The report is available for download, and speeches and telephone conferences for journalists and analysts and investors will be broadcast live on the company’s website. The online version…
Hertz, the rental giant, has established a new division called Oro Mobility to support Uber’s robotaxi fleet. Oro will handle charging, maintenance, and repairs for Lucid robotaxis equipped with Nuro autonomous driving technologies. This move comes after Hertz’s previous attempt…
ArcBest reported a $13.8 million net loss in Q2 despite a 15.7% increase in revenue, which totaled $1.18 billion. The company’s operating expenses rose 22.3% to $1.2 billion, largely due to a $34.5 million impairment charge associated with a strategic…
Online used-car retailer Carvana reported a record second-quarter adjusted EBITDA of $769 million on July 29, 2026, beating the $766 million average of analyst estimates. However, shares plunged 15% in after-hours trading after the company revealed slower sales growth and…