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Auto and Transport Industry News
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GMR Airports income rises 23% as traffic barely moves, but Rs 5,000cr funding plan widens the next test
GMR Airports Limited lifted Q1 FY27 total income 23% and returned ₹148 crore of profit despite subdued passenger growth. With Bhogapuram and Nagpur joining the portfolio and up to ₹5,000 crore of new funding authorised, the next phase is increasingly about cash returns and balance-sheet discipline.
Yulu targets 200,000-vehicle fleet after $93m financing as IPO revenue gap comes into focus
Yulu has raised $93 million to expand from 50,000 to 200,000 electric two-wheelers and enter more Indian cities. The funding strengthens its last-mile delivery platform, but management’s ₹1,200 crore to ₹1,500 crore revenue ambition means the business must scale far beyond simply adding vehicles.
NFI Group’s backlog shrank 10.6% as earnings surged. How can both be true?
NFI's backlog shrank, but firm orders grew, margins improved and guidance rose. Here is what the option decline means for NFI stock.
Traxtion adds 46 locomotives and 920 wagons as South Africa opens freight rail to private capital
Traxtion is investing R3.4 billion in locomotives and wagons as South Africa, Zambia, Angola and other mineral economies open rail to private capital.
A.P. Moller – Maersk A/S turned $2.35bn of extra Ocean revenue into $1.13bn of EBIT in Q2
A.P. Moller - Maersk A/S increased Ocean revenue by $2.35 billion from Q1 to Q2 while segment EBIT improved by $1.13 billion. The implied incremental conversion was about 48%, showing how violently freight-rate changes can move shipping profits.
Lamborghini unveils $741,172 Revuelto SV as Volkswagen leans on luxury profit engine
Lamborghini's $741,172 Revuelto SV extends the V12 hybrid franchise as H1 profit fell 8.4%, US registrations sank and Ferrari widened its lead over Sant'Agata.
Maersk (CPH: MAERSK-B) hits record as 2026 EBITDA outlook doubles
Maersk hit a record as its 2026 EBITDA outlook doubled. Can high freight rates and port congestion keep MAERSK-B earnings elevated?
Proficient Auto Logistics completes Hansen & Adkins acquisition as combined fleet targets 4m vehicle moves
Proficient Auto Logistics closed its $130M Hansen & Adkins deal, creating North America’s largest auto hauler. See what comes next.
Grand Paris Express project: €36.1bn cost, 200km metro network, Line 18 opening and 2031 completion timeline
Grand Paris Express is building four automated metro lines around the French capital as part of a roughly 200km network with 68 stations. Line 18 is approaching the first opening of an entirely new line in late 2026, while construction, systems integration and commissioning across the wider programme are scheduled to continue through 2031.
A.P. Møller – Mærsk sees stronger 2026 cash flow as port congestion drives shipping rates higher
A.P. Møller - Mærsk raised 2026 profit guidance after Q2 EBITDA hit $3 billion. See how freight rates and congestion are driving earnings.