China’s Car Market Slumps At Home As Exports Surge
China’s passenger car market just posted its 10th straight monthly decline in July 2026, with domestic sales down roughly 20% year-on-year to about 1.47 million units. Meanwhile, the country’s car exports nearly doubled, jumping nearly 90% year-on-year to close to…
BMW Isn’t Finished with the M2 — Another New Version Allegedly on the Way
BMW’s smallest M car, the M2, still has surprises left. A well-connected insider claims the performance coupe could spawn yet another variant, following hot on the heels of the recently launched M2 xDrive. The new version isn’t expected to arrive…
BMW XM Reportedly Facing Discontinuation Amid Weak Demand
BMW’s flagship M model, the XM, is reportedly on the chopping block as weak demand threatens its future. The plug-in hybrid SUV, which has sold just 7,608 units globally in 2025, is the slowest-selling BMW model, with even the discontinued…
Dunlop Geomax EN92 First Look: Enduro Tire Adds a Soft Compound Option
Dunlop has launched the Geomax EN92, an FIM-approved enduro competition tire that replaces the outgoing Geomax EN91 and doubles as a DOT-legal dual-sport tire. The headline update is a new soft-compound variant designed for wet, rocky, and root-heavy terrain, joining…
Fed officials hint at rate hikes as inflation outlook remains uncertain
Federal Reserve officials indicated growing support for higher interest rates during their July 28-29 policy meeting, with minutes released on August 19 revealing that several policymakers favored a quarter-point increase. The Federal Open Market Committee (FOMC) ultimately voted 9-3 to…
New Pennsylvania law cracks down on unlicensed CDL schools with $25,000 penalties
Pennsylvania has enacted a new law to crack down on unlicensed commercial driver’s license (CDL) training schools, giving regulators the power to impose civil penalties of up to $25,000 per violation. Governor Josh Shapiro signed Act 50 on July 20,…
U.S. to halve tariffs on Canadian steel and aluminum to 25%, reports say
The United States is poised to slash tariffs on certain Canadian steel and aluminum imports from 50% to 25% under a tentative trade deal currently being negotiated, according to multiple reports citing people familiar with the matter. The proposed reduction,…
Bimota Returns to US Dealers: KB998 Rimini, Tesi H2, 48 Photos
Italian boutique motorcycle maker Bimota is back in the US market with two fully street-legal models, both now available through its exclusive American dealer, Bimota Spirit in Raleigh, North Carolina. The lineup includes the KB998 Rimini at $65,399 MSRP and…
U.S. refiners hit wartime highs as Iran war drives record crude runs
U.S. fuel refiners are operating at the highest capacity since the Iran conflict began, processing 17.4 million barrels of crude oil per day last week—the most since September 2019. The surge comes as global fuel markets tighten due to disruptions…
Iran faces economic blow as UAE cuts all trade and financial ties amid regional tensions
The United Arab Emirates has suspended all trade and financial transactions with Iran, escalating economic pressure on the Islamic Republic after a reported missile threat alert in Dubai. The UAE’s Ministry of Foreign Affairs announced the move on August 18,…