Swiss elastomer products manufacturer Datwyler has reported a 3.5% year-on-year increase in group sales to CHF582.7 million (€626 million) for the first six months, with earnings (EBIT) rising 9.9% to CHF75.7 million. The company’s healthcare division was the main driver…
The rubber and tire industry has seen significant developments over the last seven days, with various companies reporting their financial results and announcing new projects. Selected tire manufacturers’ share-price trends show that Bridgestone Corp.’s share price increased by 1.1% to…
President Donald Trump has imposed new Section 301 tariffs ranging from 10% to 12.5% on imports from 60 countries, citing inadequate enforcement of forced labor bans. The levies take effect at 12:01 a.m. ET on July 24, 2026, immediately replacing…
Ford Motor Co. and Geely Automobile Holdings have agreed to form a 67-33 joint venture at Ford’s underused plant near Valencia, Spain, to co-develop and produce four new electric and internal-combustion models starting in 2028. Ford will hold a two-thirds…
Spanish auto parts maker Grupo Antolin-Irausa has been granted court protection for its assets in the U.S. on July 22, as part of its ongoing restructuring procedure started in Spain last month. The company, which serves major automakers including Ford,…
U.S. auto-safety regulators will begin drafting a new federal rule requiring all new vehicles to have a “robust and obvious” system for exiting when power is lost, the National Highway Traffic Safety Administration announced July 23. The move follows a…
Cummins will begin limited production of its model year 2027 X15 and X10 engines in January 2027, phasing them in gradually to meet stricter EPA nitrogen oxide (NOx) emissions standards. The Columbus, Indiana-based engine maker will continue producing current-generation X15,…
Global crop prices have surged to their highest level in three years, driven by extreme heatwaves in Europe and escalating conflicts in the Black Sea and Middle East, which are threatening grain supplies and stoking food inflation fears. The Bloomberg…
Swiss logistics giant Kuehne+Nagel is exploring strategic options for its Apex Logistics unit, including the potential sale of a roughly 20% stake or a Hong Kong stock market listing, according to people familiar with the matter. The deliberations are ongoing…
Amnon Shashua, co-founder and CEO of Mobileye Global Inc., announced on July 23, 2026, that he will step down from his CEO role once a successor is appointed. Shashua, who co-founded Mobileye in 1999, led the company through a landmark…