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Auto and Transport Industry News
2420 posts
Sika targets Japanese automakers with Resonac adhesives acquisition as Asian manufacturing expansion accelerates
Sika plans to acquire Resonac's Asian adhesives business. Explore automotive growth opportunities, battery applications and investor implications.
Why DSV’s DKK 1.5bn share buyback signals confidence despite delays in Schenker integration synergies
DSV reports 19.5% profit growth and launches a DKK 1.5 billion buyback. Explore Schenker integration risks, earnings and investor outlook.
GE Aerospace orders jump 49% as engine backlog exceeds $170bn
GE Aerospace reported third-quarter revenue of $14.1 billion and adjusted operating profit of approximately $3 billion as commercial engine demand accelerated. A backlog exceeding $170 billion provides long-term visibility, although manufacturing constraints and cash flow remain important challenges.
General Motors unveils $20bn buyback as Q3 profit rises 151%
General Motors Company reported quarterly revenue of $50 billion and shareholder profit of $3.34 billion, while authorising a new $20 billion share repurchase programme. Strong North American earnings and improving cash generation support the decision, but inflation and international weakness remain concerns.
International Seaways targets $370m Bruton acquisition as tanker earnings surge
International Seaways is pursuing a mostly share-funded acquisition of Bruton Limited while forecasting third-quarter net income of up to $350 million, but volatile tanker rates and transaction dilution could influence the financial returns from its expanding fleet.
Union Pacific CFO Jennifer Hamann to retire in 2027 as Norfolk Southern merger advances
Union Pacific's long-serving chief financial officer will retire in early 2027, introducing a leadership transition as the railroad pursues a proposed combination with Norfolk Southern and prepares for another critical stage of regulatory review.
MaxiPARTS (ASX: MXI) completes Air Brake Systems deal with 17% earnings accretion forecast
MaxiPARTS has completed its acquisition of commercial vehicle braking specialist Air Brake Systems, bringing a A$20 million revenue business into its distribution network and forecasting significant earnings benefits from sales expansion and supply-chain integration.
Boeing has a $597bn commercial backlog, so what must Ryan Weir fix next?
Boeing is handing global commercial sales leadership to Ryan Weir as Brad McMullen retires, shifting customer responsibility during a critical period for deliveries, certification and cash recovery.
Li Auto keeps 74% of chip unit as RMB1.63 billion funding targets new growth beyond vehicles
Li Auto is raising RMB1.625 billion for its chip subsidiary while retaining control. See what the financing means for MHX Technology and $LI investors.
Fox Factory just sold Marucci and cut debt. Why has its CEO now been removed?
Fox Factory Holding Corp. has replaced Chief Executive Officer Mike Dennison with independent director Douglas Grimm on an interim basis after preliminary third-quarter sales and adjusted EBITDA fell below guidance. The change comes only weeks after Fox sold Marucci Sports for $225 million and used the proceeds to reduce leverage, leaving the next CEO to repair operating execution across a smaller portfolio.