Focus on Transport
Airbus Q2 profit falls on jetliner ramp-up costs, space charge
Airbus' Q2 profit drops over 50% to €813M, hit by space business charges and production costs, despite higher revenue.
BMW to set up five new assembly sites for high-voltage batteries
New BMW battery plants planned around the world as carmaker adopts "local for local" to weather political and economic disruptions.
Tesla to recall over 1.8 million US vehicles
Software update being rolled out to multiple models as Tesla recall announced over software failure to detect unlatched hood.
Air New Zealand dumps 2030 carbon intensity targets in climate policy shift
Air New Zealand said it would drop its carbon intensity reduction target due to challenges faced in fleet renewal and fuel availability.
Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector
Tesla shares went up nearly 6% on Monday after Morgan Stanley named it as its "top pick" in the U.S. automotive industry, replacing...
Ola Electric to raise $734 million in India’s biggest IPO this year
Adoption of clean vehicles is still low in India but is steadily rising as Prime Minister Narendra Modi continues to push clean energy.
Toyota chairman warns he may lose board spot if investor support continues to fall
Akio Toyoda won 72% shareholder backing at the company's annual general meeting last month, compared with the support of 85% in 2023.
German antitrust body gives green light to VW-Rivian joint venture
BERLIN (Reuters) – Germany’s Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on...
Energy watchdog outlines steps to drive flexible power use
Ofgem has hired Elexon to help its move to wind and solar power, which it hopes will make savings of up to around...
Fidelity, Nomura line up bids for India IPO of Ola Electric: sources
Ola Electric is the biggest player in the e-scooter market in India.
