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Auto and Transport Industry News
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Willis Lease Finance closes $379.3m aircraft and engine deal as AUM reaches $4.4bn
Willis Lease Finance has completed its acquisition of a portfolio containing 12 commercial aircraft and 13 spare aircraft engines after agreeing an initial $379.3 million purchase price, adding another sizeable pool of aviation assets as the company builds a broader $4.4 billion leasing, servicing and asset-management platform.
Volkswagen is done building cars at OsnabrĂĽck. Why could air defence save 1,400 jobs?
Volkswagen plans to sell its OsnabrĂĽck factory to Aurelius Capital and Lower Saxony before converting the site from car production into a security and defence manufacturing hub anchored by Rafael Advanced Defense Systems.
JLR Q1 profit fell 69%. Why could up to 4,000 salaried jobs now go?
Jaguar Land Rover has opened a voluntary redundancy programme for salaried and management employees as it targets ÂŁ1.7 billion of savings, with reports suggesting as many as 4,000 roles could ultimately be affected.
Texmaco landed a $135m locomotive order and Rs 131cr of wagon work. Why is Shibu Mathews becoming CFO now?
Texmaco Rail & Engineering has appointed veteran finance executive Shibu Mathews as chief financial officer days after a $135 million locomotive export award and fresh â‚ą131.36 crore wagon orders expanded its execution pipeline.
NFI Group (TSX: NFI) wins ÂŁ57m Liverpool bus order with ÂŁ95m upside
NFI Group Inc.’s Alexander Dennis subsidiary has secured a firm £57 million order for 207 low and zero-emission buses from Liverpool City Region, with options capable of expanding the contract to 357 vehicles and £95 million.
Titagarh passenger rail revenue nearly tripled. Why is Bhavesh Jethwa replacing the PRS CEO?
Titagarh Rail Systems has appointed rail-industry veteran Bhavesh Jethwa as Head of Operations for Passenger Rail Systems after quarterly passenger-business revenue nearly tripled, putting execution capacity at the centre of its next growth phase.
Peter Warren’s (ASX: PWR) A$28m Wakeling deal clears ACCC after eight-dealership remedy
Peter Warren Automotive Holdings Limited has secured conditional Australian Competition and Consumer Commission approval for its acquisition of Wakeling Automotive, but the automotive retailer must divest eight dealership sites after regulators concluded the original combination could substantially lessen competition in Sydney’s Macarthur region.
Hyundai Mobis opens KRW250bn Slovakia EV plant with 280,000-system capacity
Hyundai Mobis has started full-scale production at its KRW250 billion Nováky plant in Slovakia, creating its first European manufacturing base for integrated electric powertrain systems as the supplier seeks more business from automakers beyond Hyundai Motor and Kia.
Hanwha Ocean wins KRW1.55tn Yang Ming order for six LNG container ships
Hanwha Ocean has signed a KRW1.5527 trillion contract with Yang Ming Marine Transport for six 13,650-TEU LNG dual-fuel container ships, extending a relationship that began with seven larger vessels in 2025 and taking the disclosed value of the two shipbuilding packages above KRW3.4 trillion.
FAA gets Surface Awareness Initiative into 100 towers, with 44 more due in 2026
The Federal Aviation Administration has deployed its Surface Awareness Initiative at 100 air traffic control towers, taking the programme to about 45% of its planned 220-airport footprint as the United States accelerates runway surveillance modernisation across airports that previously lacked comparable surface-tracking capability.