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Auto and Transport Industry News
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Daktronics just posted its best EPS in 12 quarters. Why could about 100 Irish roles disappear?
Daktronics has entered collective redundancy consultations covering approximately 100 employees in Ireland while considering an exit from a customised international transportation display business that has struggled with competition, volatility and underused manufacturing capacity.
Uber revenue grew 12%. Why are 3,300 jobs disappearing as robotaxi spending accelerates?
Uber Technologies is eliminating roughly 10% of its corporate workforce while quarterly revenue, bookings and profitability continue to rise, redirecting resources toward autonomous vehicles and a simpler operating structure.
Bhagwan Marine (ASX: BWN) lands up to A$11.6m vessel contract after Riverside acquisition
Bhagwan Marine has secured a two-year deployment for the Riverside Guardian with a global Tier 1 energy company, guaranteeing about A$5.8 million and potentially generating A$11.6 million if two extension options are exercised. The award provides one of the clearest pieces of evidence yet that the A$130 million Riverside Marine acquisition can produce revenue synergies rather than merely add acquired earnings.
Telstra outage review finds network timing failures behind nationwide July crash
An independent review of Telstra’s July network outage has found the company failed to treat network timing as a critical capability, allowing incorrect date information to spread across its mobile infrastructure and disrupt calls, payments, trains and access to Triple Zero.
MaxiPARTS (ASX: MXI) gets A$2.50 Ares approach while buying Air Brake Systems for A$11.2m
MaxiPARTS has received a conditional A$2.50-per-share cash proposal from Ares Management Asia while simultaneously agreeing to buy Air Brake Systems for A$11.2 million. The takeover price stands 46% above MaxiPARTS' September 2 close, while shareholders would also retain the previously declared 5.46-cent final dividend if the proposal develops into a binding scheme on the indicated terms.
Skyguide cut potential layoffs from 220 to 50. Why has the CHF51m savings target not moved?
Switzerland’s air-navigation provider now expects only about 50 compulsory redundancies, yet its wider plan to remove 200 positions and save CHF51 million remains intact.
NIO Inc. narrows losses on record deliveries as investors question next phase of EV growth
NIO Inc. revenue surged 69% and margins improved sharply, but cautious third-quarter guidance pressured the stock. Read what investors face next.
BMW wants 8,000 fewer jobs. Why did it hire an airline CEO to lead HR?
Former Brussels Airlines CEO Dorothea von Boxberg has joined BMW’s management board as HR chief and labour relations director, inheriting an 8,000-position voluntary reduction programme after quarterly pretax profit fell 35% and the automotive margin dropped to 2.3%.
Why Lucid hired three senior executives as $1.4bn cash-flow reset intensifies
Lucid Group has recruited senior executives from Mercedes-Benz, Hyundai, xAI and major automotive groups as Chief Executive Officer Silvio Napoli strengthens commercial execution, financial discipline and marketing during a sweeping effort to improve cash flow by $1.4 billion in 2026.
Gatik’s autonomous trucks have completed 85,000 driverless orders, so why is the next stage much harder?
Gatik has secured $200 million after completing 85,000 fully driverless orders and building more than $600 million in contracted revenue. With PepsiCo, Loblaw and other major customers moving beyond pilots, the next test is whether dozens of autonomous trucks can become thousands without weakening safety, service levels or fleet economics.