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Stellantis has set out a five-year, €60bn ($70bn) turnaround plan that bets the future of Europe's largest carmaking group on a tighter brand portfolio, cheaper development through Chinese partnerships and a more clinical use of factory capacity. Unveiling the "FaSTLAne 2030" strategy at the group's capital markets day in Auburn Hills, Michigan, on 21 May, chief executive Antonio Filosa committed Stellantis to 60 new models, positive free cash flow by 2027 and annual cost sav

The European Parliament has cleared the final legislative hurdle for the Capacity Management Regulation, ending more than two years of negotiation and handing the bloc's rail industry the closest thing it has yet had to a single market for track access. The regulation, formally adopted on 19 May after a second-reading vote in Strasbourg, replaces the 2010 freight corridor rules and amends the 2012 governance directive. It is the most substantive overhaul of European rail plan

A Royal Air Force Dassault Falcon 900LX transporting UK Defence Secretary John Healey lost GPS reception for the entire three-hour flight returning from Estonia on 21 May, in an incident UK defence sources have attributed to Russian interference and which has sharpened concerns over the resilience of European airspace. The aircraft, an Envoy IV CC.1 operated by Centreline AV on behalf of 32 (The Royal) Squadron at RAF Northolt, was transiting Baltic airspace after Healey visi

Two of Europe's largest container lines have halted all bookings to and from Cuba, exposing the reach of renewed US sanctions into the bloc's shipping sector and removing a substantial slice of Havana's remaining commercial lifeline. France's CMA CGM and Germany's Hapag-Lloyd issued stop-booking notices on 14 May, with both carriers confirming the suspension over the weekend of 17 May. They cited compliance risks tied to a White House executive order signed on 1 May, which br

Stellantis on Thursday unveiled a €60bn five-year strategy under chief executive Antonio Filosa, betting that a wave of new partnerships, sharper brand focus and an 800,000-unit cut to European capacity can arrest a market-share slide that has dogged the Franco-Italian carmaker since the Tavares era. Branded FaSTLAne 2030 and presented at the group's Auburn Hills investor day, the plan commits €36bn to vehicle development, with roughly 60% earmarked for North America, and ple

Alstom delivered a record €27.6bn in fresh orders for its 2025/26 fiscal year, lifting backlog to a sector-leading €104.4bn, but the French rolling stock group conceded that operational missteps on large contracts will continue to weigh on margins into the new financial year. Group sales rose 3.7% to €19.17bn, with organic growth of 7.2%, the company said on 13 May. Adjusted EBIT came in at €1.17bn, broadly flat year on year, while the adjusted EBIT margin slipped 30 basis po

Lufthansa Group has committed to a $7.7bn fleet renewal split evenly between Airbus and Boeing, alongside a move to acquire majority control of ITA Airways, in twin announcements that reshape the European long-haul map for the coming decade. The supervisory board approved orders for ten Airbus A350-900s and ten Boeing 787-9s at its 11 May meeting, with deliveries scheduled between 2032 and 2034. Chief executive Carsten Spohr framed the commitment as a sustainable investment i

European container lines are formalising what began as an emergency rerouting into a structural shift, as the Strait of Hormuz remains commercially closed nearly twelve weeks after US and Israeli strikes on Iran triggered the most severe Middle East shipping disruption on record. A.P. Moller-Maersk, Hapag-Lloyd, MSC and CMA CGM continue to route Asia-Europe traffic around the Cape of Good Hope, with all four carriers maintaining the suspension of Persian Gulf transits first i

China's BYD has confirmed it is in active negotiations with Stellantis and other European carmakers to take over underused factories on the continent, in a move that threatens to invert the logic of Brussels' two-year-old tariff regime on Chinese electric vehicles. Speaking at the Financial Times Future of the Car conference in London on 13 May, executive vice-president Stella Li said the world's largest EV manufacturer was "looking for any available plant in Europe" to absor

Alstom said record commercial momentum failed to translate into the margin expansion shareholders had been promised, as Europe's largest train maker confirmed full-year results that crystallised a sharp reset of medium-term ambitions under new chief executive Martin Sion. The Saint-Ouen-based group reported order intake of €27.6bn for the fiscal year to 31 March, a 39 per cent jump that lifted its backlog above €104bn and underscored the strength of a European rolling stock c

The European Union has formally opened its airspace to American-grade jet fuel, a regulatory concession that underscores how deeply the Iran conflict has destabilised the continent's aviation supply chain ahead of the peak summer season. In guidance issued by the European Commission and the EU Aviation Safety Agency, regulators confirmed there are no legal obstacles to using imported Jet A fuel, provided the switch is carefully managed across the supply chain. The move addres

Europe's reliance on Russian gas has deepened to a record this year, an awkward consequence of the energy shock unleashed by the closure of the Strait of Hormuz and one that exposes the limits of the bloc's sanctions architecture. The European Union imported 6.69mn tonnes of liquefied natural gas from Russia's Arctic Yamal project between January and April, the highest first-four-month total since exports began in 2017 and 17.2 per cent above the same period last year, accord