Transport & Logistics
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
[SEOUL] South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal worth about 9.6 trillion won (S$8.4 billion).
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
He takes over from Patrick Walujo with immediate effect
Apollo weighs potential US$12 billion sale of Atlas Air
The aircraft leasing sector has seen rising consolidation over the years
Tada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices
Waymo in talks to raise billions at over US$100 billion valuation: report
ALPHABET unit Waymo is in talks with potential investors to raise money at a valuation of at least US$100 billion, The Information reported on Tuesday, as competition intensifies in the nascent robota...
Tesla eyes battery-cell production in Germany from 2027: report
Europe continues to trail China in the development of large-scale cell-production capacity
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026
EU to yield on combustion engines ban after automaker pressure
It will be the union’s most significant climb-down from its green policies of the past five years
Philippine wealth fund to invest in port company Asian Terminals
The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023
