The OEM plans to hire an additional 200 workers at the Mount Holly facility by the end of 2026 as part of plans to add a second shift. (Daimler Trucks North America) July 10, 2026 3:08 pm, EDT key takeaways: Daimler Trucks North America plans to restore 400 jobs at its Mount Holly, N.C., Freightliner
Employees work on an assembly line at the Mercedes-Benz Group AG plant in Sindelfingen, Germany. (Kriztian Bocci/Bloomberg) July 10, 2026 11:45 am, EDT key takeaways: A London court has largely rejected claims that Mercedes-Benz, Ford, Renault and others used illegal defeat devices, ruling in a major UK emissions class action. The case involved 1.6 million
Opponents of the change warn that it could disrupt many devices, including those used for tolling. (Willopix/Getty Images) July 10, 2026 11:14 am, EDT key takeaways: The Federal Communications Commission is reviewing NextNav’s petition to repurpose the lower 900 MHz spectrum for a 5G-based backup navigation network, drawing opposition from the trucking and other industries.
A cargo ship is pictured off the Gulf of Oman on June 28. (AFP/Getty Images/Bloomberg) July 10, 2026 9:50 AM, EDT | Updated: July 10, 2026 10:22 AM, EDT Key Takeaways: Oil prices are drifting toward a quiet finish to the week after earlier fireworks on worries about the war in Iran. A series of
The engine cowling and a General Electric engine nozzle of a Boeing 777-200 aircraft in the Heko hangar in Hong Kong. (Paul Yeung/Bloomberg) July 10, 2026 8:56 am, EDT key takeaways: The United States said it would not immediately impose tariffs on commercial aircraft, jet engines and parts after President Donald Trump ordered a Section
Volkswagen employees and members of the IG Metall union rally on the grounds of Volkswagen headquarters on the day of the supervisory board meeting in Wolfsburg, Germany. (Lissi Niesner/Pool Photo via AP) July 10, 2026 8:36 am, EDT key takeaways: Volkswagen reported on July 10 that global sales fell 8.6% to less than 2.1 million
Gas pump in Buffalo Grove, Illinois on June 25. (Nam Y Huh/AP) July 9, 2026 8:14 am, EDT key takeaways: Oil prices rose after President Donald Trump ended the US armistice with Iran following tanker and military attacks near the Strait of Hormuz. Rising crude oil costs threaten to push gasoline and diesel prices higher,
The changes could ease the way for purpose-built autonomous vehicles. (Matthew Hatcher/Bloomberg) July 9, 2026 10:49 am, EDT key takeaways: NHTSA is considering eliminating steering wheel requirements for vehicles designed to operate without human drivers. The agency recently removed the brake pedal requirement in fully autonomous vehicles. The potential rule change could benefit Tesla and
The VW factory in Wolfsburg, Germany. (Kriztian Bocci/Bloomberg) July 9, 2026 11:04 am, EDT key takeaways: Volkswagen labor leaders, led by Daniela Cavallo, protested against plans for massive job cuts and factory closures at a major supervisory board meeting in Wolfsburg. The dispute reflects pressure to cut costs amid weak profits in China and higher
The Energy Substitution team includes (from left) Will Harris, Katie Oates, Lucas Harris and Chris Erickson in Larkspur, California. (Brian Banducci/Bloomberg) July 9, 2026 12:19 pm, EDT key takeaways: Energy Substantiation launched a blockchain token, WTIC, designed to represent a barrel of West Texas Intermediate crude and enable retail oil ownership and 24/7 trading. This