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Ryanair proposes $1.6bn Baltic expansion as airBaltic retreat opens a capacity gap
Ryanair plans to double passenger traffic across Latvia, Lithuania and Estonia to 11 million annual seats by 2031, but the airline is simultaneously cutting capacity where airport charges rise, underlining the cost discipline behind its European expansion.
Lucid’s 25,000-car Bolt deal turns Midsize platform into a European robotaxi bet
Bolt plans to deploy at least 25,000 autonomous vehicles based on Lucid’s upcoming Midsize platform across European cities, giving Lucid another route to monetise its software-defined architecture while the loss-making electric-vehicle company works to preserve cash.
Hyundai delays in-house Level 2++ system to 2029 as Nvidia fills autonomous-driving gap
Hyundai Motor has pushed the launch of its internally developed Level 2++ driver-assistance technology from late 2027 to late 2029 and will use Nvidia technology as an interim solution, exposing the challenge of keeping pace with increasingly software-intensive Chinese and global competitors.
GE Aerospace says $11.75bn CPP deal is targeted fix, not vertical-integration blueprint
GE Aerospace says its $11.75 billion acquisition of Consolidated Precision Products is a targeted response to a critical jet-engine castings bottleneck rather than the beginning of broad vertical integration, as commercial and defence engine demand continues to strain aerospace suppliers.
Volkswagen’s SEAT dilemma shows how quickly CUPRA has changed the economics of its Spanish business
Volkswagen is reviewing SEAT’s future beyond the current product cycle as faster-growing CUPRA receives increasing strategic attention, exposing how electrification costs and Chinese competition are forcing Europe’s largest automaker to decide which brands still justify billions of euros of investment.
XPeng wants to sell AI car technology to global automakers after Volkswagen validates the model
XPeng is seeking additional international customers for its electrical architecture, cockpit software, Turing artificial-intelligence chips and driver-assistance technology after its Volkswagen partnership helped demonstrate that intellectual property could become a high-margin revenue stream alongside electric-vehicle sales.
Volvo Cars plans 13-model offensive as Geely partnership becomes central to margin recovery
Volvo Cars is launching 13 new regionally tailored models by 2030 and deepening technology and sourcing links with Geely as it attempts to lift EBIT margins above 8% following years of tariff pressure, expensive electrification and missed profitability targets.
This autonomous driving company just landed a $1.4bn valuation. Can May Mobility make the numbers work?
May Mobility plans to list on Nasdaq through a $1.4 billion combination with ACP Holdings Acquisition Corp., backed by up to $337 million of new capital for autonomous ride-hailing expansion.
McLaren’s £500m UK bet brings 1,000 jobs and its first SUV
McLaren Automotive will invest around £500 million in UK manufacturing, engineering and product development, creating at least 1,000 jobs by 2032 as new owner L’IMAD pushes the supercar maker into SUVs, in-house powertrains and a broader luxury portfolio.
American, United and Southwest cut flying as fuel shock tests US airline pricing power
American Airlines says the latest fuel surge could add roughly $1 billion to fourth-quarter costs, while United Airlines and Southwest Airlines are also tightening capacity as carriers attempt to preserve margins without undermining surprisingly resilient passenger demand.