Volvo Q2 Profit Halves on US Truck, Battery-Electric Weakness
Volvo Trucks North America sales dived 43% year over year to 4,988 trucks from 8,779 in Q2 2024. But sales at Mack rose 6% to 7,940 trucks from 7,475. (Eric Thayer/Bloomberg) Volvo Group profit and revenue sagged in the second quarter of 2025, largely as a result of weak demand ...more
Diesel Price Edges Up 1.2¢ to $3.739 a Gallon
A tank truck driver connects a hose to an underground tank in Jackson, Miss. Diesel's average price in the Gulf ...more
Daimler Truck to Double Defense Business, Cut 5,000 Jobs
Daimler Truck headquarters in Berlin. (Bernd Weißbrod/dpa/TNS) Daimler Truck Holding AG said it plans to double the size of its ...more
A Look at the 14 Countries That Received Trade Letters
Vehicles for export are parked at a port in Pyeongtaek, South Korea, on July 8. (Ahn Young-joon/AP) President Donald Trump ...more
Some Sellers Sit Out Amazon Prime Day Over Tariffs
An Amazon delivery truck leaves an Amazon distribution center in Richmond, Calif. (Justin Sullivan/Getty Images/TNS) Amazon.com Inc.’s Prime Day is ...more
Rivian-Backed Also Hits Unicorn Status With $200M Raise
Also was spun out of Rivian earlier this year with $105 million in funding from the automaker, which retained a ...more
EIA Trims Forecast for 2025 US Crude Oil Output
Drilling rigs in the U.S. have been declining steadily and are hovering near four-year lows. (Justin Hamel/Bloomberg) The U.S. sees ...more