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Auto and Transport Industry News
2420 posts
Castlelake walked, Apollo swooped: What the £5.7bn easyJet deal really buys
Apollo's £5.7bn easyJet take-private at £7.15 a share offers a 54% premium to February, but EU ownership rules and court sanction still gate completion.
August 10, 2026
Garden Reach Shipbuilders wins Rs 1,032cr ONGC order as commercial shipbuilding push gathers pace
Garden Reach Shipbuilders & Engineers has won a ₹1,032.07 crore ONGC order for four Platform Supply Vessels, adding a significant offshore-energy contract as GRSE expands beyond its defence-heavy order book.
August 10, 2026
Mumbai–Ahmedabad High-Speed Rail Project: India’s 508km bullet train corridor advances toward 2027 first section
The Mumbai–Ahmedabad High-Speed Rail Project is a 508km NHSRCL-built corridor across Maharashtra, Gujarat and the Dadra and Nagar Haveli section of the Union Territory of Dadra and Nagar Haveli and Daman and Diu, backed by India-Japan funding and designed for 320km/h operations, with the first Surat-Bilimora section scheduled for 2027.
August 9, 2026
Seeing Machines (AIM: SEE) pulled four years of royalties forward, but the October debt gap remains
Seeing Machines Limited (AIM: SEE) brought forward US$14.1 million of royalties, equal to 22.8% of its disclosed October note payment, as production growth strengthens its refinancing case.
August 9, 2026
Zum opens Philadelphia operations center as driver hiring push tests rapid U.S. expansion
Zum Services, Inc. is building its Philadelphia driver base ahead of an August 24 school start, with its new operations center supporting at least 200 routes across roughly 330 schools as the private student-mobility company accelerates national expansion.
August 8, 2026
Why Seaspan’s first Panda bond could change how the shipping giant finances its next growth cycle
Seaspan raises RMB 1.5 billion through its first Panda bond, opening a China funding channel as fleet expansion raises the capital-allocation stakes.
August 7, 2026
Honeywell Aerospace shares plunge 23% after 2026 forecast cut exposes supply-chain bottleneck
Honeywell Aerospace Inc. lost almost a quarter of its market value after cutting 2026 sales and profit expectations only weeks after becoming independent. Demand remains strong, but supply constraints are preventing the aerospace supplier from converting its $18.2 billion backlog into the higher-margin growth investors expected from the spin-off.
August 7, 2026
Dhoot Transmission sets Rs 829 to Rs 871 IPO price band as Bain Capital reduces stake
Dhoot Transmission Limited is seeking up to ₹3,066.89 crore through a fresh issue and shareholder sale. Revenue growth and electric-vehicle exposure support the offering, but narrowing margins, customer concentration and a sizeable Bain Capital monetisation complicate the valuation case.
August 5, 2026
Clarkson (LSE: CKN) shares surge 15% as record £61.5m H1 profit lifts 2026 outlook
Clarkson PLC has delivered its strongest first-half performance as disruption around the Strait of Hormuz drove chartering rates higher and increased demand for specialist shipping advice. The earnings upgrade demonstrates the operational leverage in its broking platform, although investors must distinguish lasting market-share gains from conflict-driven volatility that could eventually normalise.
August 3, 2026
SES AI’s Doroni deal is worth up to $1.09m, but only $65,000 is committed
SES AI Corporation will develop a high-energy battery pack for Doroni Aerospace’s H1-X personal eVTOL under a staged framework worth up to $1.09 million, but the commercial opportunity depends on future purchase orders, aircraft funding, flight testing and regulatory progress.
August 3, 2026