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Auto and Transport Industry News
2420 posts
CMB.TECH NV Q2 profit reaches $364m as vessel sales and tanker rates reshape earnings
CMB.TECH reported $703.9 million of Q2 revenue and $364.4 million of profit as tanker and dry-bulk rates surged, while fleet sales contributed $127.5 million and another $231.4 million of gains are expected later in 2026.
Gabriel India (NSE: GABRIEL) puts Rs 935cr into HL Klemove ADAS JV
Gabriel India is acquiring 30% less one share of HL Klemove India for $98.44 million, or roughly ₹935 crore, giving the auto-components group exposure to ADAS, radar, cameras and vehicle-control electronics.
Why CNH is splitting Rs 2,000cr equally between a new plant and R&D
CNH Industrial plans to invest about ₹2,000 crore in India by 2030, splitting the amount between a new 100-acre Greater Noida tractor plant and R&D as it targets 1.4 lakh units of manufacturing capacity and double-digit market share.
Li Auto forecasts return to delivery growth as Q2 revenue drops to RMB25.7bn
Li Auto Q2 revenue fell 15% as it posted a RMB1.7B loss, but vehicle margins improved and Q3 guidance points to renewed delivery growth.
SFL earnings beat estimates as tanker rates surge and charter backlog reaches $3.8 billion
SFL Q2 EPS beat estimates as Suezmax rates hit $133,000 a day, backlog reached $3.8B and the company ordered four new car carriers.
Ceigall India (NSE: CEIGALL) wins Rs 704.70cr Frontier Highway order
Ceigall India and Sushee Infra & Mining have received a ₹704.70 crore LoA for an 82.4-km stretch of the Arunachal Frontier Highway, with Ceigall’s 74% JV interest implying an attributable contract value of about ₹521.48 crore.
Why Bihar’s 126 km Marine Drive cannot yet be treated as a road tender
Bihar has announced a proposed 126-km riverfront corridor along the Ganga with estimated investment of ₹70,000 crore, including ₹20,000 crore from the state and ₹50,000 crore from private participants, but detailed procurement and project structures remain to be disclosed.
Tracsis (AIM: TRCS) completes £48m Mistral deal as portfolio shifts to rail software
FY26 revenue grew only about 4%, but Tracsis has sold its lower-margin Events business and acquired Mistral Data for £48 million, shifting the group toward higher-margin recurring rail software.
AstroNova shareholders back $272m Arcline buyout as $29 cash exit moves toward August 26 closing
AstroNova shareholders have overwhelmingly approved Arcline Investment Management’s $272 million acquisition, leaving the specialized printing and aerospace supplier on course to become privately held on August 26.
Madison Air raises $2.25bn four months after IPO to fund $5bn ebm-papst acquisition
Madison Air has agreed to issue more than 90 million shares for approximately $2.25 billion, financing a large portion of its ebm-papst acquisition only months after an IPO that sharply reduced debt.