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…
Oil prices have been volatile after the U.S. conducted a ‘heavy wave’ of strikes against Iran, responding to an attack on a U.S. base. Brent crude fell 0.2% to $87.92 per barrel, while benchmark U.S. crude lost 0.3% to $84.25…
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…
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…
Indian automotive components manufacturer Talbros Automotive Components Ltd (TACL) has finalised a joint venture with Lohum Cleantech Pvt Ltd to produce recovered carbon black (rCB) and devulcanised rubber. The new entity, Lohum Talbros CarbonTech Pvt Ltd, was established on 2…
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…
Versalis, Eni’s chemicals business, has reduced its second-quarter loss by 65% year-on-year, with a pro-forma adjusted loss of €65 million for the three months ended 30 June, compared to a loss of €184 million in the same period last year.…
ArcBest reported a $13.8 million net loss in Q2 despite a 15.7% increase in revenue, which totaled $1.18 billion. The company’s operating expenses rose 22.3% to $1.2 billion, largely due to a $34.5 million impairment charge associated with a strategic…
Online used-car retailer Carvana reported a record second-quarter adjusted EBITDA of $769 million on July 29, 2026, beating the $766 million average of analyst estimates. However, shares plunged 15% in after-hours trading after the company revealed slower sales growth and…
Mercedes-Benz Group AG CEO Ola Källenius has declared that intense pricing pressure in China’s auto market is not a temporary blip but a permanent fixture. Speaking near Helsinki, Finland, Källenius said fierce competition from Chinese brands—especially those led by BYD—has…