Volkswagen’s headquarters and factory are in Wolfsburg, Germany. (Yen Duong/Bloomberg) July 9, 2026 4:30 PM, EDT key takeaways: Volkswagen plans to cut its model lineup by up to 50% after a July 9 supervisory board meeting. VW said low China profits, weak European demand, US tariffs and Chinese competition made existing cost cuts inadequate. Labor
Mack Trucks plant in Macungie, PA. “Order activity in June reflects the strength we are seeing across the industry,” says Jonathan Randall, Mack Trucks North America. (Mac Truck) July 9, 2026 5:27 pm, EDT key takeaways: ACT Research reported that North American Class 8 orders increased 231% year over year to 31,400 units in June.
A truck and other vehicles travel along Interstate 80 in Berkeley, California. (Justin Sullivan/Getty Images) July 9, 2026 4:20 pm, EDT key takeaways: The EPA proposed rolling back emissions-system warranty requirements for new heavy-duty trucks, which would reduce expected cost increases for new equipment next year. The proposal sets tighter NOx limits for January while
Toyota Tacoma concept pickup truck at the 2024 New York International Auto Show. (Gabby Jones/Bloomberg) July 9, 2026 1:53 pm, EDT key takeaways: Toyota said it will shift some Tacoma truck production from Mexico to Texas as uncertainty increases over U.S.-Mexico trade policy. Analysts and industry sources said the shift reflects tariff risks and the
The full-size SUV market is finally looking weak. Sales of class-leading GM SUVs and many others are seen declining in the second quarter of 2026 compared to last year. We have all the data here. Let’s dig! You might be asking why some German or other manufacturers are not included in
Authorities were informed of 40,000 pounds of apparently stolen tungsten oxide powder headed to the interstate. (RHJ/Getty Images) July 9, 2026 1:27 pm, EDT key takeaways: Police arrested truck driver Deepak Kumar in Indiana on June 27 for stealing a $2.85 million tungsten powder shipment from Pennsylvania. Authorities said Kumar used fake documents to obtain
Oil tankers and cargo ships are anchored off the coast of Oman. (Elke Scolliers/Getty Images/Bloomberg) July 9, 2026 11:40 am, EDT key takeaways: Traffic through the Strait of Hormuz came to a near halt on July 9 as US strikes on Iran for the second day disrupted the fragile ceasefire and disrupted shipping movements. The
PepsiCo’s Doritos Chips. (Sergio Flores/Bloomberg) July 9, 2026 11:20 am, EDT key takeaways: PepsiCo said on July 9 that consumers pulled back work in the second quarter due to higher gas prices, slowing its North American snack turnaround. North American food revenues declined 2% and shares fell 5.5% despite price cuts of up to 15%.
Airlines around the world have responded to the surge in fuel prices by increasing fares and fees and cutting flight schedules. (Ozgurcoskun/Getty Images) July 8, 2026 8:53 am, EDT key takeaways: According to a July 7 Bureau of Transportation Statistics report, U.S. airlines spent $6.66 billion on jet fuel in May, exceeding $6 billion for
VW Tiguan and Teron SUV automobiles on the assembly line at a factory in Wolfsburg, Germany. (Kriztian Bocci/Bloomberg) July 8, 2026 9:24 am, EDT key takeaways: Volkswagen CEO Oliver Blume is seeking the supervisory board’s support for a sweeping restructuring that could cut 100,000 jobs and close four German plants. The overhaul reflects growing pressure