Orion Engineered Carbons has posted a 61% year-on-year plunge in adjusted earnings (EBITDA) for its rubber carbon black division during Q2 2026, despite a 3% increase in net sales to $316 million (€274 million). The company reported adjusted earnings of…
Natural rubber futures have rebounded over the first trading week of August, with all exchanges posting gains during the week ended 7 Aug. According to the Japan Exchange Group (JPX), the gains were supported by stronger physical demand and consumer…
Daimler Truck, the world’s largest truck maker, could face a fine of approximately 1 billion euros ($1.2 billion) if it fails to meet the European Union’s 2030 emissions targets. According to CEO Karin Rådström, the company may fall 10% to…
Mazda’s flagship SUVs, the CX-70 and CX-90, are not performing well in the market, with sales dropping 29 percent and 24 percent respectively in the first half of the year. Despite being designed specifically for American buyers, the large SUVs…
Freight broker RXO is positioning itself as a standout player amid tightening regulations and shifting market dynamics, CEO Drew Wilkerson told investors on Aug. 6. The company is leveraging rigorous carrier vetting, financial stability, and service quality to gain share…
Peregryn Automotive has acquired the design and tooling for the British-built Ultima models and is moving assembly to the United States, with the reborn cars badged as Peregryn GT-S and GT-R. The GT-R targets roughly 700 horsepower from GM LS-…
Daimler Truck North America (DTNA) announced on August 6, 2026, plans to open a new U.S. truck manufacturing plant in 2029, with construction starting by the end of 2026. The facility will be the company’s largest truck plant in the…
Less than a year after Chery officially entered the UK market, the Chinese automaker has already seized a 2% market share, outselling Honda and Mazda combined in July. According to data from the Society of Motor Manufacturers and Traders (SMMT),…
During a speech at the Red Rock Resort in Las Vegas on Wednesday, former President Donald Trump labeled electric-vehicle range anxiety as “a disease,” claiming it was a condition afflicting EV drivers who worry about charging availability even when their…
U.S. imports of Saudi crude oil fell to zero in July, the first full month without Saudi oil deliveries since 1985, according to preliminary government data. The decline followed disruptions to Persian Gulf oil flows tied to the U.S.-Iran conflict,…