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Auto and Transport Industry News
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Tesla Q3 deliveries beat forecasts at 486,532 as annual growth comes back into reach
Tesla delivered substantially more vehicles than analysts expected in the third quarter, putting annual volume growth back within reach even though deliveries remained below the unusually strong year-earlier quarter.
FleetPartners (ASX: FPR) trades above A$4.65 bids. Is the market pricing a higher offer?
FleetPartners closed at A$4.67 on October 2, two cents above the highest officially disclosed takeover proposals from ORIX and the Sumitomo consortium. With three bidders still inside the process and no binding transaction announced, investors are effectively pricing some probability that competitive tension produces stronger final terms.
Why jet-engine castings have become valuable enough for GE Aerospace to spend $11.75bn
GE Aerospace’s $11.75 billion purchase of Consolidated Precision Products is deliberately selective rather than a wholesale retreat from outsourcing. The transaction shows how a small number of difficult components can become strategic choke points when aircraft and engine backlogs stretch for years.
Suzuki asks India suppliers to cut factory week as 4-million-car expansion approaches
Suzuki is asking key Indian suppliers to reserve one day every week for machinery maintenance as Maruti Suzuki prepares for a huge capacity expansion and a broader export role.
Toyota plans $1.34bn Argentina electrified-vehicle plant in record auto investment
Toyota's proposed Zárate investment would add electrified-vehicle production and deepen Argentina's role as an export base as Chinese automakers rapidly increase their presence across Latin America.
L&T lands twin Dubai road contracts as Rs 7.79 lakh cr order book expands
Larsen & Toubro Limited has formally executed two Dubai Roads and Transport Authority contracts for the AED 2 billion Latifa Bint Hamdan Corridor, strengthening its Middle East infrastructure pipeline as international orders already account for more than half of its â‚ą7.79 lakh crore group backlog.
AAR (NYSE: AIR) sinks 8% despite earnings beat as $4bn MRO deal resets the risk equation
AAR’s first-quarter revenue jumped 24% and adjusted EPS beat expectations, but investors focused instead on a transformative acquisition that introduces debt, dilution and integration risk while promising a dramatic margin upgrade.
TOP Ships closes three-tanker acquisition as three newbuildings add $140.6m revenue backlog
TOP Ships acquired three chartered MR tankers adding $140.6 million in potential revenue. See how the deal reshapes its fleet and growth strategy.
Workhorse lands 200-truck Gateway Fleets order as electric delivery van pipeline expands
Workhorse secured a 200-truck Gateway Fleets order, lifting its customer commitment to 300 W56s. Find out what it means for its turnaround.
Adani Ports settles SEBI public-shareholding case for Rs 37.05 lakh as stock jumps 4.5%
Adani Ports and Special Economic Zone Limited has settled SEBI proceedings over alleged minimum public-shareholding violations for ₹37.05 lakh without admitting or denying the regulator’s findings, removing one regulatory proceeding as cargo volumes, international expansion and a fresh Paradip capacity win keep the operating story firmly in focus.