Uber’s Q3 outlook matches estimates as Brazil competition weighs on trips growth
Uber Technologies Inc. delivered a third-quarter bookings outlook that met analyst expectations, but flagged fierce competition in Brazil as a key drag…
Market & Business
China’s EV market reverses after years of growth as subsidies slashed and sales slide 14%
China’s electric-vehicle market, long the engine of global EV growth, has abruptly reversed course. Year-on-year deliveries of new battery-electric cars fell 14%…
Ram drops hybrid Hemi V8 and stop/start in 2027 Ram 1500
Ram is ditching the hybridized 5.7-liter Hemi V8 in the 2027 Ram 1500 lineup, replacing it with a naturally aspirated version that…
U.S. manufacturing growth hits four-year high in July as ISM index surges to 55.6
U.S. manufacturing activity expanded in July at the fastest pace since May 2022, with the Institute for Supply Management’s manufacturing index climbing…
Daimler Truck North America to close Portland manufacturing plant at end of October
Daimler Truck North America (DTNA) will shut down its Freightliner Swan Island plant in Portland, Oregon, on October 30, ending 57 years…
LiveWire Receives NYSE Delisting Warning, Then Sees Stock Triple in Two Days
LiveWire, the electric motorcycle brand majority-owned by Harley-Davidson, received a formal warning from the New York Stock Exchange (NYSE) on July 23…
Rivian Narrows Loss While Rolling Out Cheaper EV Models
Rivian Automotive Inc. has reported a second-quarter adjusted EBITDA loss of $379 million, which is better than analysts’ expectations of a $548…
Amazon Profit Surges as AWS Sales Rise 37%
Amazon reported a significant surge in profit, with fiscal second-quarter net income reaching $62.65 billion, driven by a 37% increase in AWS…
Pirelli posts higher Q2 earnings and sales despite softer volumes
Italian tire giant Pirelli & C. SpA has posted higher second-quarter earnings and sales for the three months ended 30 June, as…
BMW AG Finance Chief Walter Mertl’s Q2 2026 Quarterly Statement Highlights Market Challenges and BEV Growth
BMW AG’s Finance Board Member Walter Mertl delivered the group’s quarterly statement for the period ending 30 June 2026, outlining a mixed…