Latest Posts Under: Auto and Transport Industry News

United Airlines opens United Club airport lounge at New Orleans airport

US airline company United Airlines has opened a new 6,000-square-foot United Club airport lounge at the Louis Armstrong New Orleans International Airport in New Orleans, Louisiana. Located in the brand-new terminal of the airport, near gate C7, the club is said to provide a wide range of amenities to work, relax, and refresh for customers […]

Groupe ADP to acquire 49% stake in GMR Airports for €1.36bn

ADP acquisition of GMR Airports stake : French airport operator Aéroports de Paris (Groupe ADP) has agreed to acquire a 49% stake in Indian airport developer GMR Airports from the GMR Group for Rs107.8 billion (€1.36 billion). Groupe ADP, which aims to create a major global network of airports through the deal, will execute it […]

Icahn Automotive acquires automotive service chain Tecnicentros Mundial

Icahn Enterprises’ subsidiary Icahn Automotive which owns and operates Pep Boys, a US automotive aftermarket chain, has acquired Tecnicentros Mundial, a six-location automotive service chain based in Puerto Rico. The locations of Tecnicentros Mundial in Caguas, San Juan Centro, Campo Rico, Rio Piedras, Dorado, and Ponce will be converted to Pep Boys branded service centers. […]

Maruti Suzuki Ertiga S-CNG : BS6-compliant version of Ertiga CNG launched in India

Maruti Suzuki Ertiga S-CNG launch : Indian automobile manufacturer Maruti Suzuki has introduced the BS6-compliant version of the Ertiga CNG, at a starting price of INR8.95 lakhs (ex-showroom, Delhi). Exclusively available in the VXi trim, the Maruti Suzuki Ertiga S-CNG is now the second BS6-compliant CNG model to be introduced by the Indian car manufacturer […]

Electric air mobility company AutoFlightX gets investment from TDK Ventures

Germany-based electric air mobility company AutoFlightX has secured investment from TDK Ventures, a subsidiary of Japanese electronics company TDK Corporation. AutoFlightX, which is engaged in developing electric vertical take-off and landing (eVTOL) air mobility, is the fourth investment made by TDK’s corporate venture capital fund since its launch in July 2019. The fund’s objective is […]

VSE Corporation to sell Prime Turbines to PTB for $21m

VSE Corporation, a provider of distribution and repair services for land, sea, and air transportation assets, has agreed to sell its subsidiary Prime Turbines to PTB Holdings USA for $21 million in an all-cash deal. With the transaction, VSE Corporation said that its Aviation Group will stop offering turboprop engine repair, maintenance, and overhaul services, […]

Boeing completes Boeing 777X test flight between Everett and Seattle

US aerospace company Boeing said that the Boeing 777X test flight has taken to the skies to enter the next phase of a test program. The Boeing 777X jetliner is based on the Boeing 777 aircraft and equipped with technologies from the Boeing 787 Dreamliner. The aerospace company said that the Boeing 777x first flight […]

Airlines Reporting Corpation acquires majority stake in nuTravel

Airlines Reporting Corporation (ARC), a ticket transaction settlement services provider, has acquired a majority share in nuTravel, a provider of corporate retailing solutions for airlines. The financial terms of the deal were not disclosed. Established in 2002, nuTravel is said to have developed a direct-distribution B2B and B2B2C traveler management and booking application platform, called Universal […]

LG Electronics, Luxoft announce webOS automotive joint venture at CES 2020

DXC Technology’s subsidiary Luxoft has agreed to create an automotive joint venture with LG Electronics for advancing the deployment of production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE), and ride-hailing systems based on the latter’s webOS Auto platform. The joint venture, which was announced at CES 2020, is said to bring together a top automotive […]

FLIR Systems bags US Army contract for Kobra robot under CRS-H program

FLIR Systems said that its Kobra robot has been selected for the US Army’s Common Robotic System-Heavy (CRS-H) program under a five-year production contract worth up to $109 million. Under the contract, the Oregon-based industrial technology company will build more than 350 unmanned ground vehicles (UGVs). Through the CRS-H program, the US Army will get […]

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