Revoy secures $27M to scale plug-in electric conversion kit for diesel trucks
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…
2027 AJP PR7 First Look: 9 Fast Facts for Rally and Adventure
The 2027 AJP PR7, a single-cylinder rally bike from the Portuguese brand, is set to arrive in the US market. The bike is designed for various off-road adventures, including solo desert crossings and technical trail riding. Although marketed as a…
Oil Prices Volatile After ‘Heavy Wave’ of U.S. Strikes
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…
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 performance amid ongoing global headwinds. The second quarter saw Group revenues of €31.3 billion, down from the prior-year…
BMW AG Chairman Dr. Milan Nedeljković Outlines Strategic Shifts in Q2 2026 Earnings Call
Dr. Milan Nedeljković, Chairman of the Board of Management at BMW AG, delivered a candid assessment of the company’s Q2 2026 performance during a conference call, highlighting significant market pressures and a decisive restructuring plan to restore competitiveness. The second-quarter…
More speed, more efficiency: BMW Group realigns for tougher competition
The BMW Group is taking steps to tackle the increasingly competitive environment, with a focus on efficiency and speed. Despite a significant downturn in the Chinese market and challenging operating conditions worldwide, the company is maintaining a clear course. In…
BMW Group Half-Year Report to 30 June 2026
The BMW Group has released its Half-Year Report to 30 June 2026. The report is available for download, and speeches and telephone conferences for journalists and analysts and investors will be broadcast live on the company's website. The online version…
The Rental Giant That Dumped 30,000 EVs Is Now Betting On Self-Driving EVs
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…
Reorganization Charge Pushes ArcBest into Red in Q2
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…
Carvana posts record quarterly profit but shares dive as growth slows and per-vehicle earnings slip
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…