Sofía Martínez A Chinese machinery maker is expanding its production of tire moulds and curing presses in Shandong province. The project, valued at €100 million, has received environmental approval and will be completed in two phases. The expansion will add production capacity…
XPO Logistics has reported a surge in demand from U.S. manufacturers for the first time in three years, driving a significant improvement in its second-quarter 2026 financial performance. The less-than-truckload (LTL) specialist posted a 52.8% increase in profit to $162…
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held a trade call on July 30 to discuss numerous flashpoints between the two countries ahead of Chinese President Xi Jinping’s planned U.S. visit on September 24. The talks covered…
Toyota’s global vehicle sales fell 1.1% year-over-year in June to 926,688 units, marking the fifth consecutive monthly decline, while production rose 2.2% to 984,408 units. The drop was driven by a 24% plunge in the Middle East and a 27%…
Robotics startup Revoy has raised $27 million in Series A funding to commercialize a detachable electric dolly designed to convert diesel trucks into partially electric vehicles. The device slots between a truck’s tractor and trailer, allowing an 80,000-pound truck to…
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…
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…
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…
Mini is finally developing its own rugged version of the Countryman, set to debut in October 2026. The off-road-focused compact SUV features higher clearance and all-terrain tires, distinguishing it from the standard model. Currently undergoing testing and validation in the…
Touratech has launched the Aventuro Gravel Carbon, a carbon-fiber adventure helmet designed for riders who split their time between pavement, gravel, and trail. This new top-tier model joins Touratech’s Aventuro lineup, which already includes the fiberglass Matrix Pro, the carbon-laminate…