Marcus Webb Goodyear Tire & Rubber Co. has reported a significant decline in second-quarter operating earnings and a widened net loss, despite improved market stability. For the second quarter ended 30 June, the US tire maker reported a net loss of $204…
Uniroyal Holding Inc. and its subsidiary Great Hill Corp. have filed for Chapter 11 bankruptcy protection in the US to wind up the business and resolve decades-old retiree and asbestos liabilities. The company proposes to pay non-asbestos creditors in full,…
Wacker Silicones has reported a 6% year-on-year increase in sales to €757 million in the second quarter, with division earnings (EBITDA) rising 18% to €123 million. The gains were driven by lower operating expenses, an improved product mix, and higher…
Dongfeng Nissan has lifted the curtain on the upcoming NX7 SUV for the Chinese market, a compact electrified model positioned below the larger NX8. The new SUV borrows an evolved styling language and the brand’s latest tech, with the first…
General Motors and SAIC Motor have extended their 27-year-old joint venture for another 20 years, taking the partnership to 2047. The move comes as GM ramps up its push in China’s cutthroat new-energy vehicle (NEV) market, where it sold nearly…
Peregryn Automotive is bringing Ultima Cars’ production to the U.S., launching two new supercars: the GT-S and the track-focused GT-R. Both models will be fully assembled in America, marking a shift from Ultima’s traditional kit-car roots. The GT-R steals the…
Used Class 8 truck sales surged 10.2% year over year in June, reaching 24,900 units compared to 22,600 a year earlier, according to ACT Research. The market also saw a 4.6% sequential increase from May’s 23,800 units. Analysts attribute the…
Goodyear Tire & Rubber Company (NASDAQ: GT) delivered mixed second quarter 2026 results on August 5, 2026, reflecting improving market stability but continued financial headwinds. Net sales totaled $4.3 billion, a 4.8% year-over-year decline, with organic net sales down 1.4%…
The U.S. has shipped a record amount of distillate fuel overseas, with exports rising to 1.9 million barrels a day last week, according to the U.S. Energy Information Administration. This surge in exports has been driven by the global scramble…
Lucid Group Inc. is implementing a sweeping operational reset to slash $1.4 billion in cash burn this year, as new CEO Silvio Napoli tightens financial and operational discipline after quarterly results missed Wall Street estimates. The cost-cutting plan includes slashing…