Claire Donovan 
Old Dominion Freight Line (ODFL) has reported a strong second-quarter performance, with revenue rising 10.4% to $1.55 billion and profit jumping 30.5% to $350.6 million. The company’s weight per shipment increased by 1.7% to 1,503 pounds, outperforming seasonal expectations. According…
Italian tire giant Pirelli & C. SpA has posted higher second-quarter earnings and sales for the three months ended 30 June, as currency headwinds eased. Second-quarter revenue rose 1.0% year-on-year to €1.76 billion from €1.74 billion a year earlier. Excluding…
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…
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…
PACCAR CEO Preston Feight confirmed on July 28, 2026, that the company has no plans to remove human drivers from its autonomous trucks, despite rapid progress from partner Aurora Innovation. PACCAR, the parent company of Kenworth and Peterbilt, collaborates with…
BMW is planning to eliminate around 8,000 positions globally, with most cuts expected to hit German corporate roles, while factory workers remain excluded. The automaker is looking to trim costs and restore profitability amid sliding sales in its key Asian…
Italian boutique firm Vespera Automobili has unveiled the Iride Evo 5, a carbon-fiber restomod of the legendary Mercedes-Benz 190 EVO II that blends retro cues with modern supercar performance. The body is entirely hand-built from carbon fiber, with the track…
Retail giant Walmart has rapidly expanded into the electric-vehicle charging business, opening 46 high-speed stations with 380 cords through June 2026 and positioning itself as a major competitor in the sector. The buildout leverages Walmart’s nationwide store footprint—now spanning about…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…
Stellantis has announced the sale of its Free2move car-sharing division to Mutares SE & Co. KGaA, a German private equity firm. The transaction is expected to close by the end of the year, as Stellantis shifts focus to core automotive…