Sofía Martínez Volkswagen Group CEO Oliver Blume has delivered a stark warning to employees in an internal memo, describing the company’s situation as “more than critical” as it braces for sweeping restructuring. The memo, obtained by Reuters, highlights a cost structure that…
US-based butadiene and C4 derivatives supplier TPC Group is ramping up a series of debottlenecking and optimization projects to lift its crude C4 processing capacity by 14% by the end of 2029. The near-term initiatives, slated for 2026, target existing…
US tire and automotive service giant Mavis Tire Express Services has finalized its $700 million (€614 million) cash acquisition of Pep Boys from Icahn Enterprises, adding nearly 800 locations to its network and bringing the total to 4,400 stores across…
Private carrier fleet expansion in 2026 has been uneven across industries, with some sectors thriving while others stagnate or shrink. Beverage, food service, agriculture, and retail fleets generally grew, while several other sectors saw little to no change or even…
Saudi Aramco has significantly rerouted its crude oil exports to avoid Houthi attacks in the Red Sea, increasing shipments through the northern route via Ain Sukhna. Since the Houthis announced a blockade on July 20, Saudi crude exports through the…
The global rubber and tire sector showed mixed performance over the past fortnight, with share prices fluctuating across major manufacturers while raw material costs and financial results painted a nuanced picture of the industry’s health. Bridgestone’s stock dipped 1.0% to…
The 2026 AMA Pro Motocross Championship Series is barreling toward its finale after last week’s Unadilla National, where defending 450MX champion Jett Lawrence leads Hunter Lawrence by 10 points in the standings. With no one else in contention, the Budds…
The Port of Los Angeles capped its second-busiest July on record in 2026, handling 960,464 TEUs (twenty-foot equivalent units) as importers scrambled to outmaneuver global supply chain disruptions and shifting U.S. tariff policies. The port’s July tally landed 8% below…
Hong Kong-based conglomerate CK Hutchison Holdings has initiated arbitration seeking more than $1.5 billion in damages from Panama after the Central American nation seized two key Panama Canal ports. The dispute centers on the takeover of Balboa and Cristobal ports,…
Chinese tire giant Zhongce Rubber Group (ZC Rubber) has posted year-on-year growth in both sales and profits for the first half of 2026, driven by aggressive overseas expansion and sustained order demand. The Hangzhou-based company reported operating revenue of Yuan23.5…