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Auto and Transport Industry News
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Hyundai Motor targets Level 2++ driving in 2028 as NVIDIA fills the gap before Atria AI arrives
Hyundai Motor Group is standardising vehicle sensors and building an AI data flywheel around NVIDIA while targeting proprietary Atria AI Level 2++ production in the second half of 2029.
Grupo Aeroportuario del PacÃfico (NYSE: PAC) lines up Ps.8bn financing for debt and airport investment
Grupo Aeroportuario del PacÃfico has arranged Ps.8 billion of bank financing to refinance near-term maturities and fund airport investment as non-aeronautical revenue helps cushion weaker passenger volumes.
Can Ultraviolette scale from premium motorcycles into a mass-market EV producer?
Ultraviolette Automotive plans to invest ₹779 crore over five years in a Hosur-area EV factory with initial capacity of 250,000 vehicles and infrastructure to scale to 500,000, as it prepares to move beyond premium motorcycles into scooters and higher-volume products.
VinFast appoints Pham Nhat Quan Anh global CEO during asset-light restructuring
VinFast has appointed Pham Nhat Quan Anh as global CEO while founder Pham Nhat Vuong steps back from the role, handing leadership to a new generation during a major asset-light restructuring and rapid delivery expansion.
Thruvision (AIM: THRU) shares triple after £3m airport contract changes the revenue maths
Thruvision Group has secured a South-East Asian airport screening contract worth more than £3 million, equivalent to over half of FY26 revenue, followed by a first Canadian government deployment.
VinFast revenue rose 42% but Q1 loss hit $1.12bn. Why is the founder’s son becoming global CEO?
VinFast has appointed Pham Nhat Quan Anh global CEO as its $530 million manufacturing restructuring, India expansion and continuing billion-dollar quarterly losses reshape the electric-vehicle company.
La Compagnie adds Düsseldorf as third A321neo unlocks 380 business-class seats a week to New York
La Compagnie will enter Germany with five weekly Düsseldorf-Newark flights from April 2027, using a third 76-seat A321neo to test whether its all-business-class model can work beyond Paris, Milan and Nice.
Volvo Group plans 260 MWh Mariestad energy park with 2027 start
Volvo Group plans a 70 MW, 260 MWh battery energy park in Mariestad for 2027, years before its planned battery-cell plant begins production, giving the site an immediate grid-services role and a longer-term product-testing function.
Niron Magnetics adds Honda backing for Iron Nitride permanent magnet commercialization
Honda Motor has invested in Niron Magnetics as the Minnesota manufacturer scales rare-earth-free Iron Nitride permanent magnets, adding strategic customer validation after Niron secured $150 million of private debt and a separate conditional $150 million U.S. government commitment.
GE Aerospace (NYSE: GE) makes $11.75bn CPP bet as airfoil demand rises 30%
GE Aerospace is acquiring Consolidated Precision Products for US$11.75 billion in its largest transaction since becoming independent, bringing a critical castings supplier in-house as jet-engine airfoil demand is expected to rise more than 30% by 2030.