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Boeing locks in Korean Air’s 103-jet order as $44.8bn aviation package takes shape
Korean Air has finalised its largest aircraft order, spanning 737 MAX, 787, 777X and freighter models, alongside a major engine and maintenance package. The commitment gives Boeing strategic backlog depth while placing certification, delivery and integration execution at the centre of the value case.
Why Volvo Cars chose Klaus Zellmer after Håkan Samuelsson’s turnaround reset
Volvo Cars has named Ĺ koda chief Klaus Zellmer as its next president and CEO, giving the Volkswagen veteran responsibility for a 42,600-person automaker that has already cut 3,000 positions and now wants 13 new models, lower costs and an EBIT margin above 8%.
China investigates Meituan and Alibaba units in widening online travel crackdown
Chinese regulators are investigating businesses linked to Meituan and Alibaba alongside Tongcheng and Tujia over suspected unfair competition in online hotel and travel booking. The action expands enforcement across a sector already shaken by a 5.2 billion yuan penalty against Trip.com and puts platform practices, merchant terms and investor risk back under the microscope.
Why Bharat Forge’s latest QIP comes amid defence growth and Germany charges
Bharat Forge has opened a qualified institutional placement at a â‚ą1,947.70 floor price after shareholders authorised securities worth up to â‚ą2,500 crore, giving the engineering group fresh capital flexibility as defence orders rise and restructuring costs pressure consolidated earnings.
Could Porsche job cuts exceed 13,000 as China slump forces deeper restructuring?
Porsche could face roughly 4,100 additional job cuts beyond reductions already agreed through 2035 as Volkswagen pushes for deeper savings following a major profit warning, weaker China demand and another reassessment of the sports-car maker’s long-term earnings potential.
Orico invests in Carro as 120,000-vehicle platform deepens Asian auto finance
Japan’s Orient Corporation has made an undisclosed strategic investment in Carro, linking one of Asia-Pacific’s largest online vehicle platforms with a major auto-finance provider as the partners target lending opportunities in Japan, Thailand and Indonesia.
Jacobs and AECOM take MetroLink role as Dublin’s €9.5bn project enters delivery stage
Transport Infrastructure Ireland has appointed a Jacobs-AECOM joint venture as programme delivery partner for Dublin’s 19km MetroLink, putting the engineering groups at the centre of procurement, construction integration and commissioning for a project expected to carry as many as 53 million passengers annually.
NEOM seeks study for 400km-plus Oxagon freight rail link to Saudi network
NEOM is seeking consultants for a proposed freight railway of more than 400 kilometres connecting Oxagon and Port of NEOM with Saudi Arabia’s national rail system, opening a feasibility stage that could become increasingly important as port capacity grows from roughly 250,000 TEU toward 1.5 million TEU by 2030.
Volkswagen cuts 2026 margin to 1% as €10bn charges expose restructuring cost
Volkswagen has slashed its 2026 operating-margin forecast from 4%–5.5% to no more than 1% after identifying approximately €10 billion of special charges, including a €6 billion Porsche goodwill impairment and additional restructuring costs across Germany and China.
Toyota puts $6.4bn annual price tag on factory automation from 2028
Toyota estimates factory automation across its group and major suppliers could require approximately ÂĄ1 trillion annually from 2028, with around 400,000 robots potentially needed to replace ageing machinery and expand automated logistics and human-robot collaboration.