Home Depot CEO Ted Decker is taking a temporary medical leave of absence, with Ann-Marie Campbell and CFO Richard McPhail assuming key leadership duties. Decker, who became CEO in 2022, has led the retailer through a prolonged housing-market slowdown that…
President Donald Trump declared on August 11 that the U.S. has “total control” over the Strait of Hormuz, a critical waterway through which roughly one-fifth of global oil and liquefied natural gas (LNG) flows. Speaking at Joint Base Andrews outside…
The US inflation rate eased to 3.4% in July, down from 3.5% in June, as gas prices fell. However, consumer prices are still rising, with a 3.4% increase from a year ago, and core inflation slipped to 2.5%. The Labor…
Hiroshi Okuda, the former CEO of Toyota, has died at the age of 93. Okuda led the development of the hybrid Prius and was instrumental in establishing Toyota’s reputation for fuel efficiency. He served as president and chairman of Toyota…
Oil prices edged higher on August 12, 2026, as the Strait of Hormuz—a critical chokepoint for global oil shipments—remained effectively shut down amid ongoing fighting in Iran. Brent crude, the international benchmark, rose 0.19% to $89.08 per barrel, while U.S.…
A newly filed patent from Stellantis describes a split, fold-down tailgate that could work for sedans and hatchbacks, significantly boosting cargo volumes. The patent, filed in France, depicts a split tailgate with a lower section that folds down flat and…
The founder of AZuR has launched a joint tire recycling project in Germany, known as the ReKuWi initiative, which aims to create a closed-loop tire economy through take-back, retreading, reuse, and recycling. The 24-month project, coordinated by CGW GmbH, brings…
Cooper Standard, an automotive supplier, has reported higher second-quarter sales but lower earnings due to higher raw material costs, inflation, and tariffs. For the three months ended June 30, sales increased 2.2% year-on-year to $721 million, while adjusted earnings (EBITDA)…
Apollo Tyres has secured an off-take deal to maintain supplies of high-end agricultural tires following the closure of its Enschede plant in the Netherlands. The company’s finance chief, Gaurav Kumar, stated that establishing a new plant in India is not…
Guizhou Tire Co. Ltd., a Chinese tire maker, has completed the overseas investment registration for its planned 6-million-unit passenger car radial tire plant in Morocco, clearing the domestic approval procedures required for the project. The company’s wholly owned subsidiary, Guizhou…