Workflow
Sustainable Transport
icon
Search documents
Norway's Tesla obsession defies Europe's Musk backlash
CNBC· 2025-07-11 05:08
Core Insights - Tesla has experienced significant sales growth in Norway, with a 54% year-on-year increase in new car sales in June, driven by a 115.3% rise in registrations for the Model Y [2][3] - The Model Y's popularity is attributed to its competitive pricing and features that meet local consumer demands, such as ample luggage space and all-wheel drive [4][3] - Despite success in Norway, Tesla's sales have declined in other European markets, with a 60% drop in Germany and overall sales falling for five consecutive months in Europe [5][6] Company Performance - Tesla's new car registrations in Norway surged by 213% in May, reinforcing its leading position in the electric vehicle market [2] - In southern Europe, Tesla saw a 61% increase in new car registrations in Spain and around a 7% increase in Portugal [4] Market Challenges - Tesla's brand value has been negatively impacted by CEO Elon Musk's political activities, including support for Donald Trump's campaign, leading to protests at dealerships across Europe [6][7] - A survey indicated that 43% of Norwegian EV drivers would avoid purchasing a Tesla due to political reasons, highlighting potential reputational risks for the company [7][8] Industry Context - Norway is recognized as a leader in sustainable transportation, aiming to eliminate gasoline and diesel cars from its new car market through supportive policies [9][10] - The Norwegian government offers various incentives for EV adoption, including VAT exemptions and investments in charging infrastructure, which have significantly contributed to the growth of electric vehicles in the country [11][10]
Dubai's RTA Selects Parsons As Project Management Consultant For Dubai Metro Blue Line Project
Globenewswire· 2025-07-08 10:00
Core Insights - Parsons Corporation has been appointed as the Project Management Consultant for the Dubai Metro Blue Line project by the Roads and Transport Authority (RTA) of Dubai, with a contract duration of five years [1][2] - The Dubai Metro Blue Line is a significant part of Dubai's D33 Economic Agenda, aiming to enhance the city's connectivity and position it among the world's leading cities by 2033 [2][3] - The project will span 30 kilometers and include 14 stations, with an expected capacity of accommodating up to 320,000 passengers per day, supporting Dubai's 2040 Urban Master Plan for sustainable urban mobility [2][4] Company Background - Parsons has a long-standing partnership with the RTA, having supported various transportation infrastructure projects in Dubai since 2005, including the Dubai Metro Red and Green Lines and over 100 highway, bridge, and tunnel projects [4][5] - The company has over 65 years of regional presence and is recognized as a leader in project and program management, urban development, smart mobility, and rail systems [5][6] - Parsons has managed complex infrastructure projects globally, working with more than 400 rail and transit clients [5]
Alstom to provide 316 modern, comfortable commuter rail cars to the New York Metropolitan Transportation Authority’s Long Island Rail Road and Metro-North Railroad
Globenewswire· 2025-07-07 16:30
State-of-the-art M-9A vehicles will replace MTA’s oldest commuter cars The vehicles will be produced at Alstom’s facilities in upstate New York The base contract is valued at 2.0 billion euro (2.3 billion USD) 7 July 2025 – Alstom, global leader in smart and sustainable mobility, announced today that it has received a notice of award for a 2.0 billion euro1 (2.3 billion USD) contract to manufacture 316 commuter rail cars for Long Island Rail Road (LIRR) and Metro-North Railroad, the commuter rail divisions ...
Touax: share capital and voting rights at June 30, 2025
Globenewswire· 2025-07-04 15:45
Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is included in the CAC® Small and CAC® Mid & Small indexes [4] - As of June 30, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,349,390 total voting rights [2]
Alstom S.A: Alstom to supply 96 additional RER NG trainsets for the Île-de-France Mobilités RER D line
Globenewswire· 2025-06-23 15:30
This order for approximately 1.7 billion euro, formalised by SNCF Voyageurs, follows the vote on the financing agreement by Île-de-France Mobilités Board of Directors on 10 April 2025Alstom is delighted with this order, which demonstrates the renewed confidence of Île-de-France Mobilités and SNCF Voyageurs in this new-generation rolling stock RER NG is in service on the RER E line since November 2023 and on the RER D line since December 2024. 23 June 2025 – Alstom, global leader in smart and sustainable mob ...
NFI’s New Flyer secures order from Brampton Transit for additional 55 buses
Globenewswire· 2025-06-23 11:30
Core Viewpoint - NFI Group Inc. is expanding its partnership with Brampton Transit by delivering 55 new Xcelsior buses, which includes both hybrid-electric and clean-diesel models, to enhance the city's transit fleet and support sustainable mobility solutions [2][3]. Group 1: Company Overview - NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, with a broad product portfolio that includes electric and hybrid models [5][8]. - The company has a significant presence in the bus manufacturing industry, employing nearly 9,000 team members across ten countries and supporting over 100,000 buses and coaches globally [6][7]. Group 2: Recent Developments - The new order for Brampton Transit consists of 20 hybrid-electric 40-foot buses and 35 clean-diesel 60-foot buses, totaling 70 equivalent units, which will be added to New Flyer's second quarter 2025 backlog [2]. - This order marks a continuation of a long-term relationship, with over 300 buses delivered to Brampton over the past 30 years, highlighting the company's commitment to innovative mobility solutions [3]. Group 3: Product Benefits - New Flyer's Xcelsior buses are designed to provide improved fuel efficiency, reduced emissions, and strong operational reliability, making them suitable for modern transit needs [4]. - The buses utilize advanced engines and ultra-low sulfur diesel, contributing to sustainable transportation solutions that support community growth [4].
NFI subsidiary New Flyer signs a major contract with New Jersey Transit for up to 750 buses
Globenewswire· 2025-06-16 11:30
Core Viewpoint - NFI Group Inc. has secured a significant contract with New Jersey Transit Corporation for the purchase of up to 750 Xcelsior 60-foot clean-diesel transit buses, marking a major milestone in the company's history of clean-diesel bus procurements [2][3]. Group 1: Contract Details - The contract includes an initial firm order for 200 buses (400 equivalent units) with deliveries starting in 2026, and options for an additional 550 buses (1,100 equivalent units) [3]. - This order has been added to New Flyer's first-quarter 2025 backlog, indicating strong demand for clean-diesel solutions [3]. Group 2: Company Commitment and Partnership - NFI's subsidiary, New Flyer, emphasizes its long-standing partnership with NJ TRANSIT, which is based on trust, innovation, and performance [4]. - NJ TRANSIT operates a diverse fleet, including buses from the NFI family, and relies on a dedicated parts support program to maintain service efficiency [4]. Group 3: Impact on Regional Mobility - NJ TRANSIT provides over 225 million annual passenger trips and operates a fleet of over 3,500 vehicles, playing a crucial role in regional mobility [5]. - The new buses will replace aging vehicles, enhancing service reliability and efficiency across the transit system [5]. Group 4: Technological Advancements - The Xcelsior clean-diesel platform features ultra-low sulfur diesel fuel, next-generation engines, and advanced emissions control systems, designed for high-demand urban environments [6]. Group 5: Company Overview - NFI is a leading global bus manufacturer with a wide range of propulsion-agnostic bus and coach platforms, including electric models, and supports over 100,000 buses and coaches worldwide [9]. - New Flyer is recognized as North America's heavy-duty transit bus leader, actively supporting over 35,000 heavy-duty transit buses currently in service [10].
Trump's Order Lifts Archer Aviation Stock: More Upside Ahead?
ZACKS· 2025-06-11 15:11
Key Takeaways Trump's June 6 executive order aims to boost U.S. dominance in unmanned and eVTOL aircraft systems. ACHR's shares rose 11.7% post-announcement, outperforming the industry's 0.4% return through June 10. Archer began piloting Midnight test flights, showing both vertical and conventional takeoff capabilities. U.S. President Donald Trump signed an executive order on June 6, 2025, primarily aimed at boosting America’s dominance in unmanned aircraft systems, including the integration of an electri ...
NFI Subsidiary Alexander Dennis announces consultation on UK manufacturing strategy
Globenewswire· 2025-06-11 12:20
LARBERT, United Kingdom, June 11, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, announced today that its subsidiary, Alexander Dennis Limited (Alexander Dennis), is entering into a consultation on a new strategy for its United Kingdom (UK) manufacturing operations. The refocused strategy results from the completion of a detailed business review and is intended to adjust the UK business to changing market dy ...
Blink Charging UK to Expand EV Charging Network in North Hertfordshire
GlobeNewswire News Room· 2025-06-10 12:30
Core Insights - Blink Charging UK has signed a contract with North Hertfordshire Council to establish a comprehensive electric vehicle (EV) charging network in the region, which will include 18 new charging stations [1][2][3] - This initiative will increase the total number of charging stations in Hertfordshire County to just under 1,000, supporting the region's sustainability goals and efforts to reduce carbon emissions [2][3] - The locations for the new charging stations were strategically chosen to ensure accessibility for residents without off-street parking, facilitating the transition to electric vehicles [3] Company Overview - Blink Charging UK is a leader in EV charging technology and services, committed to providing accessible and reliable charging options across the UK [4] - The company operates a proprietary, cloud-based software system that manages and tracks EV charging stations and associated data, enhancing the efficiency of its charging networks [5] - Blink Charging Co. has established strategic partnerships to promote the adoption of EV charging solutions across various locations, including residential, commercial, and public spaces [5]