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SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.
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Kansas City Southern on July 19 reported record second-quarter revenue of $714 million, up 5% compared with 2018’s $682.4 million.
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Automotive supplier and tire manufacturer Continental announced it renamed its longhaul tire for improved clarity among fleets and dealers.
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Oil surrendered an early gain July 19 as Tehran denied President Donald Trump’s claim that the U.S. downed an Iranian drone near the Strait of Hormuz, an assertion which had earlier helped oil snap back from four days of losses.
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