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The European Commission has proposed drawing vessels between 400 and 5,000 gross tonnage into the EU Emissions Trading System, a targeted expansion that shipowners have broadly welcomed while pressing Brussels for firmer commitments on where the money goes. The draft forms part of a wider climate policy overhaul and would close several avenues for cost avoidance. Offshore worksites in EU waters would be treated as ports of call, preventing offshore vessels from sidestepping E

Ford has agreed a Europe-focused manufacturing joint venture with Geely Auto at its Valencia plant, in a deal that hands a Chinese carmaker its first European production base and underscores how far the competitive balance has shifted against legacy Western manufacturers. The venture, announced in Valencia on Thursday, will be 66 per cent owned by Ford and 34 per cent by Geely, subject to regulatory approval, with operations beginning in the first half of 2027 and vehicles ro

Hungary has unveiled one of the largest railway investment programmes in its history, committing HUF 3,550 billion to modernising the national network by 2035, in a signal that European governments are treating rail infrastructure as strategic capital expenditure rather than discretionary transport spending. Prime Minister Péter Magyar and Transport and Investment Minister Dávid Vitézy presented the Baross Gábor Railway Development Plan at Rákospalota-Újpest station in Budape

Brussels is preparing to tighten scrutiny of who really controls Europe's airlines, a move that has wiped billions from easyJet's valuation and injected fresh uncertainty into the largest private equity approach the sector has seen. An EU official confirmed the European Commission will conduct a review, likely in the autumn, clarifying which corporate structures satisfy rules requiring carriers holding EU operating licences to be majority owned and effectively controlled by E

Volkswagen is preparing what could be the largest restructuring in automotive history, with chief executive Oliver Blume said to be assessing the closure of four German plants and the elimination of as many as 100,000 jobs as Europe's biggest carmaker struggles against Chinese rivals and shrinking margins. The proposals, presented to senior management last week and to be discussed by the supervisory board on 9 July, would shutter sites at Hanover, Zwickau, Emden and Audi's Ne

The race to break Eurostar's three-decade monopoly through the Channel Tunnel is sharpening into a contest between Europe's state-backed operators and Sir Richard Branson's Virgin, with Italy's Ferrovie dello Stato manoeuvring to reach London first. For more than thirty years, Eurostar, part of France's SNCF Voyageurs, has been the sole passenger operator through the tunnel, commanding roughly four-fifths of the Paris-London market and carrying around 20 million passengers la

Airbus has signalled it intends to set the pace of the next narrowbody cycle, with chief executive Guillaume Faury confirming the European planemaker remains committed to launching a successor to its best-selling A320 family in 2030, even as Boeing wavers over the timing of its own next aircraft. Speaking to Aviation Week, Faury said the programme, known internally as eAction, is on track for a formal launch decision at the end of the decade, with entry into service targeted

A reported approach by MSC founder Gianluigi Aponte to the anchor shareholders of Hapag-Lloyd has revived questions over the durability of European container shipping's ownership structures, even as both companies publicly dismissed the talk. Aponte, the 85-year-old patron of the Geneva-based group that ranks as the world's largest container carrier, has reportedly been sounding out the main owners of the Hamburg-based line for some time, according to a Manager Magazin report

Europe's airline consolidation debate has flared again, just as a rare takeover opportunity comes to a head. With US private credit group Castlelake facing a 26 June deadline to declare its intentions toward easyJet, the structural obstacles to any cross-border deal are once again in plain view, and Brussels finds itself squarely in the frame. The complication is regulatory. Under European ownership and control rules, an American fund cannot acquire majority control of easyJe

Europe's container shipping order is once again under strain. Gianluigi Aponte, the 85-year-old founder of Geneva-based Mediterranean Shipping Company, has been sounding out Hapag-Lloyd's anchor shareholders about a stake in the German carrier, according to Manager Magazin, a move that would reshape the competitive map of the world's busiest east-west trade lanes. Both companies have publicly denied the report, with MSC calling it untrue and Hamburg-based Hapag-Lloyd dismissi

BYD is searching for an existing factory in southern Europe to house its second assembly plant on the continent, with Spain among the countries on its shortlist, as the Chinese electric-vehicle maker races to establish local production before Brussels tightens its rules on where cars are built. The company would rather take over a brownfield site than build from scratch, executive vice president Stella Li told reporters in Berlin during the European launch of the Dolphin G, a

DB Cargo has reached a formal agreement with worker representatives to eliminate 6,200 of 14,000 jobs in Germany by 2030, locking in a restructuring programme that Europe's largest rail freight operator hopes will satisfy Brussels and avert a forced break-up. The agreement, confirmed by chief executive Bernhard Osburg in an interview with Reuters, formalises a cost-reduction programme worth around one billion euros. DB Cargo aims to implement most of the reductions without co