Wacker Silicones has reported a 6% year-on-year increase in sales to €757 million in the second quarter, with division earnings (EBITDA) rising 18% to €123 million. The gains were driven by lower operating expenses, an improved product mix, and higher…
Peregryn Automotive is bringing Ultima Cars’ production to the U.S., launching two new supercars: the GT-S and the track-focused GT-R. Both models will be fully assembled in America, marking a shift from Ultima’s traditional kit-car roots. The GT-R steals the…
Goodyear Tire & Rubber Company (NASDAQ: GT) delivered mixed second quarter 2026 results on August 5, 2026, reflecting improving market stability but continued financial headwinds. Net sales totaled $4.3 billion, a 4.8% year-over-year decline, with organic net sales down 1.4%…
Lucid Group Inc. is implementing a sweeping operational reset to slash $1.4 billion in cash burn this year, as new CEO Silvio Napoli tightens financial and operational discipline after quarterly results missed Wall Street estimates. The cost-cutting plan includes slashing…
Uber Technologies Inc. delivered a third-quarter bookings outlook that met analyst expectations, but flagged fierce competition in Brazil as a key drag on trip growth, compounding investor concerns about the company’s trajectory in the robotaxi era. The San Francisco-based company…
China’s electric-vehicle market, long the engine of global EV growth, has abruptly reversed course. Year-on-year deliveries of new battery-electric cars fell 14% through the first half of 2025, according to the China Passenger Car Association, with 4.7 million EVs registered…
Ram is ditching the hybridized 5.7-liter Hemi V8 in the 2027 Ram 1500 lineup, replacing it with a naturally aspirated version that also loses the automatic stop/start system. The move was confirmed by a Ram spokesperson to Motor1 and aligns…
U.S. manufacturing activity expanded in July at the fastest pace since May 2022, with the Institute for Supply Management’s manufacturing index climbing to 55.6. The reading marks the seventh consecutive month of growth and the highest level in over four…
Daimler Truck North America (DTNA) will shut down its Freightliner Swan Island plant in Portland, Oregon, on October 30, ending 57 years of local truck production that began in 1969. The closure, confirmed by a company spokesman on August 3,…
LiveWire, the electric motorcycle brand majority-owned by Harley-Davidson, received a formal warning from the New York Stock Exchange (NYSE) on July 23 after its stock traded below $1 per share for a month. The deficiency letter triggered a six-month window…