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Auto and Transport Industry News
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Texmaco Rail gets $135m Africa LOA for Wabtec ES43ACi locomotives
Texmaco Rail & Engineering has received a $135 million Letter of Award from Tsiko Africa Logistics and Barberry Holdings for Wabtec ES43ACi diesel-electric locomotives, giving the Indian rail manufacturer a major export opportunity while leaving definitive contracting and 20–24 months of execution still ahead.
Alstom lands C$4.7bn VIA Rail deal. Why does one contract outweigh its entire Q1 orders?
Alstom will build 313 passenger railcars and provide 15 years of support to VIA Rail Canada under a C$4.7 billion agreement that gives its order book a major boost as investors remain focused on execution and margins.
BRP revenue jumped 18.5% but EBITDA fell 35%. Why is Minh Thanh Tran becoming CFO now?
BRP Inc. has selected strategy, M&A and transformation executive Minh Thanh Tran to succeed longtime CFO SĂ©bastien Martel just as quarterly revenue rebounds 18.5% but normalized EBITDA drops 34.9%.
Mark Carney brings passenger rail manufacturing back to Canada with C$4.7bn deal
Canada will spend more than C$4.7 billion on 313 new VIA Rail passenger cars manufactured by Alstom Canada in Ontario and Quebec, bringing domestic intercity passenger-car production back for the first time in roughly four decades.
Motus (JSE: MTH) lifts profit 19% as finance costs fall R369m and dividend rises 29%
Revenue increased only 1%, but lower financing costs and improved operating returns lifted attributable profit 19% and allowed Motus to increase its annual dividend by 29%.
BEML (NSE: BEML) wins Rs 180.6cr Vande Bharat sleeper order from Integral Coach Factory
The additional ₹180.60 crore manufacturing order expands BEML’s role in the Vande Bharat sleeper programme, which the Indian government says is ultimately planned to encompass 260 trainsets.
Corporate Travel Management (ASX: CTD) returns to profit but ÂŁ80m UK refund crisis dominates
Corporate Travel Management returned to statutory profitability and lifted underlying EBITDA 36%, but the resumption of ASX trading exposed how severely investors have repriced the company after its customer-remediation crisis.
GSM targets 1m VinFast cars as 2028 Hong Kong IPO tests asset-heavy ride-hailing model
Green and Smart Mobility plans to enter the U.S., Sweden and the Netherlands before the end of 2026 as it prepares for a Hong Kong IPO in 2028. The VinFast-linked operator also intends to acquire 1 million VinFast vehicles between 2026 and 2030, a fleet ambition equivalent to roughly 200,000 cars a year. The question is whether GSM can export the company-owned fleet model that built its Vietnamese market position without allowing capital requirements to overwhelm the economics.
Greenbrier’s quarterly profit fell 69%. Why is Brian Comstock taking over as CEO with a $2bn backlog?
The Greenbrier Companies has selected longtime commercial and operations executive Brian Comstock to succeed Lorie Tekorius as CEO after a quarter in which revenue fell sharply even as margins improved and its owned lease fleet expanded 23%.
Volkswagen’s first 35,000 job cuts may not be enough. What is Oliver Blume trying to fix?
Volkswagen Group is preparing for a critical supervisory board confrontation over a restructuring that could go far beyond the 35,000 German job reductions already agreed, as vehicle sales fall, China competition intensifies and first-half operating profit drops 11.6%.