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Auto and Transport Industry News
2420 posts
Mavis closes $700m Pep Boys deal as Icahn keeps real estate and liquidity
Mavis Tire Express Services has completed its $700 million acquisition of Pep Boys, adding nearly 800 locations while Icahn Enterprises retains the underlying owned real estate and two other automotive businesses.
Gabriel India (NSE: GABRIEL) locks in Rs 935cr HL Klemove deal to deepen ADAS push
The definitive agreements move Gabriel India closer to owning 29.99% of HL Klemove India, giving it exposure to locally manufactured ADAS radars, cameras and automotive electronics.
Royal Caribbean completes $1.25bn refinancing as long-term debt sits above $21bn
Royal Caribbean Group has completed a $1.25 billion senior unsecured note offering at 5.55%, using the proceeds primarily to repay floating-rate term loans as it continues reshaping a debt load above $21 billion.
Copenhagen Airport raises profit outlook despite cutting 2026 passenger forecast by 1m
Copenhagen Airport raised 2026 profit guidance despite cutting its passenger forecast as H1 profit jumped 43% and transfer traffic surged.
Aeroméxico and Delta keep their US-Mexico alliance after appeals court overturns DOT breakup order
Aeroméxico and Delta Air Lines can continue coordinating their US-Mexico joint venture after an appeals court vacated a Transportation Department order that would have withdrawn its antitrust immunity.
Mitsui’s Kassø e-methanol lands OMV as RFNBO offtaker, unlocking EU land fuel demand
Mitsui and European Energy added OMV as RFNBO offtaker for Kassø's e-methanol; four verticals now anchor a plant whose value lies in template, not tonnage.
Alaska Airlines adds Athens and Paris as Seattle long-haul bet moves from experiment to network strategy
Alaska Airlines will add Seattle-Athens and Seattle-Paris in May 2027, taking its intercontinental network to seven destinations as the Hawaiian merger turns widebody flying into a central growth strategy.
Titagarh Rail gets full traction motor vendor approval, but the 1,200-unit number is not an order
Titagarh Rail Systems Limited can now compete as an approved Indian Railways vendor for up to 1,200 locomotive traction motors annually. The milestone strengthens a propulsion business already dispatching hundreds of motors, but actual orders and passenger rail execution will determine the earnings impact.
Navios Maritime shares rise as Q2 profit doubles and $4.4bn charter backlog expands
Navios Maritime Q2 revenue rose 25% as charter rates surged, profit doubled and its backlog hit $4.4B. See how a $200M buyback changes the outlook.
Genesis GV90 arrives as Hyundai Motor margins tighten. Can premium pricing change the equation?
Genesis has turned its Neolun concept into the 123.5 kWh GV90 luxury electric SUV, giving Hyundai Motor Company a crucial test of how much pricing power the Korean brand has built after a decade of rapid expansion.