HeadlinesBriefing favicon HeadlinesBriefing.com

Auto & Transport Market Talks

Wall Street Journal US Business •
×

The latest Market Talks for the Auto and Transport sector cover several key companies. Bahana Sekuritas analysts are optimistic about Indonesia's Jasa Marga, forecasting 199 billion rupiah in Ebitda growth over three years from the Jakarta Outer Ring Road. They initiated coverage with a buy rating and a target price of 3,500.00 rupiah.

Transat A.T. has secured up to C$150 million in financing from the Canadian government to mitigate rising fuel costs. The travel company will receive C$125 million upfront, with potential for further drawdowns. This loan has a four-year maturity and a 3.91% annual interest rate.

Ford is experiencing significant charges related to its electric vehicle (EV) strategy adjustments. The company's second-quarter loss includes $500 million for EV program cancellations and a $3.6 billion charge from ending its EV battery joint venture with SK Group. Ford also reported lower revenue due to reduced EV volumes, though it plans to launch a new $30,000 electric truck in 2027.