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Auto and Transport Industry News
2420 posts
Nissan puts ÂŁ170m behind Sunderland as restructuring meets hybrid demand
Nissan Motor will invest £170 million to manufacture the Kicks e-POWER hybrid at Sunderland, adding a fourth model to Britain’s largest car plant as the Japanese automaker restructures manufacturing capacity and confronts changing European demand.
September 17, 2026
Boeing locks in Korean Air’s 103-jet order, but certification remains a crucial variable
Korean Air has finalised an order for 103 Boeing aircraft valued at $36.2 billion at list prices, spanning the 737 MAX, 787 Dreamliner, 777X and freighter families, although much of the package depends on aircraft programmes still awaiting certification.
September 17, 2026
TOP Ships stays profitable as $680m tanker charter backlog reshapes growth strategy
TOP Ships posts $6.5 million first-half profit as its MR tanker expansion builds roughly $680 million of potential contracted charter revenue.
September 16, 2026
Is AirAsia in financial trouble? What Malaysia’s reported contingency talks actually mean
Malaysia is conducting contingency planning around AirAsia’s financial position, Reuters reported, while the airline seeks more than $1 billion in new financing and insists operations remain stable.
September 16, 2026
McLaren commits ÂŁ500m to UK expansion and first SUV in push for Ferrari-like margins
McLaren Automotive will invest ÂŁ500 million in UK manufacturing and engineering, develop its first SUV and bring more drivetrain capability in-house as the loss-making supercar maker tries to expand volumes without sacrificing luxury positioning.
September 16, 2026
Toyota’s China JV structure faces shake-up as GAC and FAW move closer
A proposed transaction between Guangzhou Automobile Group and FAW Group could accelerate consolidation around Toyota Motor Corporation’s two long-standing Chinese joint ventures as local electric-vehicle brands gain market share and industry profitability deteriorates.
September 16, 2026
Why is Hafnia paying 46% more per share to increase its stake in TORM?
Hafnia is spending another $145.1 million to increase its ownership of TORM from 13.97% to approximately 18.22%. The investment gives Hafnia greater exposure to record tanker earnings and considerable strategic influence, while still leaving it well below Denmark’s mandatory takeover threshold.
September 16, 2026
Why Hub Group brought back its former CEO as costs rise and Nasdaq deadline expires
Hub Group, Inc. has returned David Yeager to the chief executive role and recruited former TreeHouse Foods finance chief Patrick O'Donnell as CFO-elect while a multiyear accounting restatement, potential Nasdaq delisting process and new cost-reduction programme reshape the logistics company.
September 16, 2026
Uber cuts 10% of staff despite record cash flow. Why is Dara Khosrowshahi restructuring now?
Uber Technologies is implementing a 3,300-job global restructuring that is now reaching its California engineering operations, even as bookings, profit and cash generation hit record levels and management redirects savings toward lower prices, growth and autonomous mobility.
September 16, 2026
Why airBaltic’s Chapter 11 plan could reshape more than 3,000 aviation jobs
airBaltic has begun talks with unions over potential workforce reductions as the Latvian carrier uses Chapter 11 to cut debt, shrink its fleet and reset a business that generated record 2025 revenue but remained loss-making.
September 16, 2026