First Brands lawsuits aim to claw back billions in bankruptcy fight
Bankrupt auto parts giant First Brands is pushing a bankruptcy plan that hinges on recovering up to $2 billion through lawsuits against insiders and business partners, including founder Patrick James and firms like Jefferies Financial Group Inc. and Onset Financial.…
BMW M Motorsport News – July 28, 2026: Klingmann/de Wilde Win at Mugello, Piana/Sylvestersson Take GT4 Germany Lead
BMW M Motorsport capped off a dominant weekend on July 26–27, 2026, with multiple class victories across Europe and Australia, proving the BMW M4 GT3 EVO and BMW M4 GT4 EVO remain unbeatable in customer racing. In Italy, BMW M…
Oil prices slide on signs of easing U.S.-Iran tensions
Oil prices slipped further on Monday as the United States and Iran held off from escalating their intermittent conflict, with mediators reporting progress toward restarting stalled negotiations. Brent crude, the global oil benchmark, dropped $1.35 to $84.52 per barrel, extending…
Union Pacific and Norfolk Southern revise merger application with new customer protections
Union Pacific and Norfolk Southern have filed a revised merger application with U.S. regulators, introducing four new or expanded customer protections to advance the review of their proposed $85 billion deal. The updated filing, submitted on July 27, 2026, aims…
Mercedes-Benz’s new electric C-Class redefines the segment
Mercedes-Benz has accelerated its model offensive, posting a second-quarter revenue of €32.1 billion (down from €33.2 billion in Q2 2025) and group EBIT of €1.5 billion (up from €1.3 billion). The company maintained its full-year adjusted EBIT guidance while raising…
Mercedes-Benz’s all-new electric C-Class put through a 360° environmental audit
Mercedes-Benz has rolled out the all-new electric C-Class as a ground-up BEV, marking the next step in its midsize-segment electrification strategy. The model’s life-cycle CO₂ footprint is slashed by roughly two-thirds versus the outgoing C-Class ICE car, according to a…
BMW Art Cars: 20 Artists, 50 Years of Innovation — Reunited at BMW Welt in Munich
For the first time in history, all 20 BMW Art Cars are on display together at BMW Welt in Munich, marking the 50th anniversary of the iconic collection. The free exhibition runs from 29 July to 31 August 2026, bringing…
UPS Raises Outlook After Shedding Low-Margin Amazon Packages
UPS has raised its 2026 revenue forecast to about $91.2 billion, up from a prior forecast of $89.7 billion, after shedding low-margin Amazon packages. The company reported second-quarter adjusted earnings of $1.76 per share, exceeding analyst estimates. The stronger outlook…
Record-speed ramp-up: BMW Group Plant Debrecen builds 50,000th BMW iX3 in nine months
BMW Group Plant Debrecen has hit a major milestone, producing the 50,000th BMW iX3 just nine months after the start of series production. The achievement marks the fastest ramp-up of any new BMW Group plant to date and underscores the…
25 People Looked At Porsche’s Carrera GT And Said Make It Weirder
A rare Gemballa Mirage GT, a rebodied Porsche Carrera GT, is set to be auctioned off by Mecum at its Monterey event. This particular model, number 24 of 25 built, features a unique Lime Rock Gray Metallic paint job with…