The Business Times - Transport & Logistics

[LONDON] London’s Heathrow Airport on Friday (Jul 11) said it plans to invest £10 billion (S$17.2 billion) over the next five years in upgrades to boost passenger numbers, largely funded …

[MUMBAI] Tesla will open its first India showroom in Mumbai next week, having imported US$1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market …

[SINGAPORE / JAKARTA] Indonesia’s Pelita Air Service is said to be taking over the check-in premises of Jetstar Asia at Changi Airport Terminal 4 after the exit of the budget …

[SINGAPORE] Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto, according to people familiar with the matter. The facility …

[AUSTIN] Tesla is in a sales slump, with deliveries of its electric vehicles on track to decline for the second full year in a row. The polarising politics of chief …

[HONG KONG] Malaysia’s biggest airlines sealed Airbus deals worth US$20 billion as Prime Minister Anwar Ibrahim wrapped up his European tour. AirAsia reached a tentative agreement to purchase as many …

[CHICAGO] Elon Musk’s SpaceX is planning to develop a sprawling private recreation complex on land adjacent to his Texas Starlink factory, the latest sign of the billionaire’s efforts to expand …

[TOKYO] Nissan Motor is in discussions with Taiwan’s Foxconn over electric vehicle (EV) collaboration that could save its Oppama plant in Japan from closure, the Nikkei business daily reported on …

[HONG KONG] Lei Jun, founder and chairman of Xiaomi, the only tech company to have successfully diversified into carmaking, could not resist. Speaking at a triumphant launch event in Beijing …

[AMMAN] Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the …

[TOKYO] Nissan Motor plans to sell 150 billion yen (S$1.3 billion) of convertible bonds to help fund new chief executive officer Ivan Espinosa’s turnaround of the ailing automaker. The proceeds …

[DENPASAR] Dozens of flights to and from Indonesia’s Bali island were cancelled on Monday (Jul 7) after a volcano belched a colossal ash tower 18 kilometres into the sky, authorities …

[LONDON] Britain’s Jaguar Land Rover on Monday reported sharply lower quarterly sales after the luxury carmaker halted shipments to the United States in response to President Donald Trump’s tariffs. Retail …

[Stuttgart] Porsche warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker’s global deliveries …

[BEIJING] China’s car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the …

[SAN FRANCISCO] SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around US$400 billion, sources …

[LOS ANGELES] Boeing said it delivered 60 aircraft in June, its best showing in 18 months that reflects improvements in its factories and the resumption of US jet exports to …

A GAUGE of US used vehicle prices sold at wholesale auctions that proved predictive ahead of the inflation surge following the Covid-19 pandemic is climbing again, last month notching its …

A PRELIMINARY report into the crash of an Air India jetliner that killed 260 people in June is expected to be released by Friday, a step that could provide early …

[BEIJING] On a scorching morning in Beijing, Hao and a dozen other food delivery drivers sweltered outside a hot-pot restaurant. They smoked. They swiped through videos. They waited for the …

[LONDON] The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade war, threatening to push up consumer prices and complicate …

[SYDNEY] Australia’s Qantas Airways said on Wednesday (Jul 9) more than a million customers had their phone number, birth date or home address accessed in one of the country’s biggest …

[SINGAPORE] Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, its deputy group chief executive …

[SINGAPORE] Certificate of Entitlement (COE) premiums rose across the board for all categories of vehicles in the latest round of bidding on Wednesday (Jul 9), with that for Category A …

[TOKYO] Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on the struggling Japanese automaker as it seeks …

[HONG KONG] Electric vehicle (EV) battery suppliers, including BYD and EVE Energy, need to step up efforts to switch to clean power at manufacturing sites and curb emissions in supply …

[TOKYO] Japan’s automakers slashed the price of products exported to the US at a record pace, in a sign that companies are sacrificing profits to remain competitive as US President …

[NEW YORK] Shares of Delta Air Lines rocketed higher on Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook. The big …

[SINGAPORE] Courier and logistics giant FedEx has partnered home-grown startup QuikBot Technologies to deploy autonomous delivery robots to commercial areas in Singapore and to address the challenges plaguing deliveries in …

[AUSTIN] Tesla is aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. Chief …

[SINGAPORE] Singapore’s sixth and newest taxi operator GrabCab has hit the roads, with over 40 cabs to be rolled out in July, and more cabs expected in the next three …

[SINGAPORE] Port operator MMC Port Holdings moved closer to what could be Malaysia’s biggest initial public offering (IPO) in 13 years by lodging a draft prospectus with the securities regulator, …

[DETROIT] Toyota Motor is tapping the brakes on plans to build electric vehicles (EVs) in the US to free up manufacturing capacity for a popular petrol-powered SUV. The Japanese automaker …

[NEW YORK] Chief executive officer Elon Musk has assumed oversight of Tesla’s sales in Europe and the US following the departure of longtime deputy Omead Afshar, sources familiar with the …

[SYDNEY] Australian airline Qantas said on Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system containing sensitive data on six million customers. Qantas said hackers had targeted …

[AUSTIN] Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report. The …

[MICHIGAN] US auto sales are losing momentum after a springtime surge fuelled by shoppers racing to buy cars before US President Donald Trump’s auto tariffs drove up prices. General Motors …

[LONDON] Chinese automakers continued to expand their European foothold in May, capturing the highest share ever of hybrid-car sales and the biggest slice of the electric vehicle (EV) market in …

[SYDNEY] Strong winds and heavy rain led airlines to cancel many domestic flights from Sydney on Tuesday as Australia’s weather bureau warned an intense low-pressure weather system offshore could result …

[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as …

[SEVILLE, Spain] Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, …

[NEW YORK] Boeing’s US$4.7 billion deal to buy Spirit AeroSystems Holdings will face UK antitrust investigation, the country’s antitrust watchdog said. The Competition and Markets Authority will decide whether the …

[SINGAPORE] The first train for the Johor Bahru-Singapore Rapid Transit System (RTS) Link was unveiled on Monday (Jun 30), with the cross-border rail system currently estimated to be about 56 …

Capesize The Capesize market experienced a marked decline this week, with sentiment steadily weakening amid persistently low activity across both the Atlantic and Pacific basins. A key factor was the …

[AUSTIN] Tesla chief executive Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to …

[SHANGHAI] Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may …

[LONDON] Britain’s vehicle production declined from a year ago for the fifth successive month in May, industry data showed on Friday, as factory disruptions and US tariffs weighed on automakers. …

[BEIJING] Chinese EV and smartphone maker Xiaomi on Thursday (Jun 26) priced its new electric YU7 SUV from 253,500 yuan (S$45,102), almost 4 per cent below Tesla’s Model Y, stepping …

[SINGAPORE] Construction and engineering services provider Civmec will purchase Luerssen Australia from Naval Vessels Luerssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun …

[SINGAPORE] Australian construction engineering company Civmec will purchase Luerssen Australia from Naval Vessels Lurssen (NVL) Australia for A$20 million (S$16 million) in cash, the company said on Thursday (Jun 26). …