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  • Sep 05, 2024

New CEO must adapt Daimler Truck to weaker market, chairman says

STUTTGART (Reuters) -Daimler Truck expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday. "Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the company's next CEO late on Wednesday. He did not say what measures Radstrom might need to take.

  • Sep 05, 2024

UK new car market declines slightly in August amid low seasonal demand: SMMT

The UK new car market saw a slight decline in August, with registrations falling by 1.3%, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). August, traditionally a quieter month for car sales as buyers often wait for September’s new number plates, saw 84,575 units registered, just 1,082 fewer than…

  • Sep 05, 2024

Soy grown illegally on Brazil's tribal lands finds its way to global markets

Farm cooperatives in Brazil that supply some of the world's biggest multinational agricultural firms are buying soybeans grown illegally on Indigenous reservations in the country, according to tribal leaders and court records, despite the companies' public pledges to respect the land rights and resources of Indigenous peoples. The expansion of commercial farming onto Indigenous lands, which make up about 13% of Brazil's territory, has stirred division and violent conflicts in scores of communities, according to the federal police, the Catholic Church's Indigenous Missionary Council and the Brazilian government agency overseeing Indigenous affairs, FUNAI. Brazil's constitution set aside lands for the exclusive use of Indigenous communities while a 1973 law outlaws renting these lands or forming partnerships to grow commercial crops.

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