The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0758 GMT - Getlink looks increasingly likely to deliver or beat full-year consensus expectations, RBC Capital Markets analyst Ruairi Cullinane says in a research note. The French railway company's revenue beat its own company-compiled consensus, supported by its Eleclink subsidiary, which operates the electricity interconnector between the U.K. and France. Eleclink is already tracking 4% ahead of full-year consensus, with 11% of capacity still unsold, Cullinane adds. "Current dynamics are supportive for Eleclink, and we expect an improvement, although not inflection, in Eurotunnel's performance," he adds. Shares trade 0.4% lower at 19.37 euros. (nina.kienle@wsj.com)
0716 GMT - Horizon Robotics is pivoting to an ecosystem enabler from a chip supplier, DBS analysts say in a note. The company launched several new products at a recent event in Beijing. It introduced a new chip called the Starry 6P, designed to handle driving and in-car functions within in a single system. It also unveiled an operating system called Kaka Claw, aimed at powering in-vehicle features, including voice interaction and other smart controls. The third offering was an updated version of its driving software, which the company said improves performance in areas such as navigating intersections, changing lanes, safety responses and parking, DBS says. The bank maintains a buy rating on the stock with a target price of HK$13.00. Shares are last at HK$7.49.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
0655 GMT - Nam Cheong's benefit from its accelerated debt repayment via interest savings appears minimal, RHB Research's Syahril Hanafiah says in a research report. It recently announced its borrowings fell 33% to 285.0 million ringgit as at mid-April from 425.4 million ringgit as at end-2025, the analyst notes. Drivers are stable chartering cash flow and proceeds from vessel disposals completed late last year and early this year. The analyst estimates the Singapore-listed offshore marine group's interest savings at around 5 million ringgit in 2026 from the debt reduction, assuming a 5% cost of debt. RHB Research maintains the stock's buy rating and target price of S$2.05. Shares are 3.8% lower at S$1.52. (ronnie.harui@wsj.com)
0650 GMT - Renault's first-quarter performance is a positive message, Bernstein analysts say in a research note. The French carmaker's revenue beat expectations, with good order intake, especially at its Dacia division, the analysts say. The overall tone should be supportive of shares, they add. (nina.kienle@wsj.com)
0259 GMT - Tesla in a post on X reiterated Elon Musk's comments earlier this year that it is making progress on getting China's approval to roll out autonomous driving features in the world's biggest auto market, a key regulatory hurdle it has been trying to cross for years. Tesla said it received approval to deploy FSD Supervised in the Netherlands in April, clearing the path for potential approval in other EU countries. The company also said they it continues to make progress on approval in China, which analysts said it will help the autonomous driving technology further developed in the country. Chinese automakers have been aggressively developing their in-car autonomous driving features in recent years.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
2205 GMT - Tesla's paid robotaxi miles are growing at a rapid clip, nearly doubling sequentially in the first quarter, according to a filing with the SEC. The company says it continues to lay the groundwork to expand its Robotaxi service to further major U.S. metros, including with testing and permitting, in order to quickly launch new markets once it's ready. Tesla further expanded its unsupervised operation area in Austin and launched unsupervised rides in Dallas and Houston in April, the company says. (kelly.cloonan@wsj.com)
2119 GMT - Tesla is expanding its manufacturing to include semiconductor fabrication, according to a filing with the Securities and Exchange Commission. The move is aimed at securing sufficient chip supply as Tesla ramps up production for its robotaxis and Optimus robots, the company says. "Our partnership with SpaceX aims to build the largest chip fab ever," the company says. The project will vertically integrate logic, memory and advanced packing to allow for quick iteration, given Tesla expects higher chip demand than what the industry's existing and planned capacity can accommodate, it says. (kelly.cloonan@wsj.com)
1615 GMT - United Airlines says demand hasn't taken any kind of hit yet from increased fare prices, but things could still change. The carrier raised fares five times in the first quarter to offset rising fuel costs. Revenue growth from business travel is continuing to increase, executives say. Leisure travel is also continuing to grow, although it's harder to compare with year-ago numbers due to disruptions at Newark that happened last year. "All types of customers remain particularly strong," CEO Scott Kirby says. "We'll continue to watch it. It is uncharted territory given the massive amount of changes we've done." (katherine.hamilton@wsj.com)
1613 GMT - United Airlines says international travel is covering more of its increased fuel costs than domestic travel, despite the conflict in the Middle East. Executives say that price increases on international flights have been more substantial and are covering more the burden from rising fuel costs than domestic flights. They say they expected the opposite, with more consumers accepting higher prices for domestic flights, but that hasn't been the case. The longer that fuel costs are elevated, the higher fares will go and the longer those high prices will stick, the executives say. United is aiming to pass through 100% of the additional fuel costs on to customers. (katherine.hamilton@wsj.com)
1557 GMT - United Airlines is passing most of the higher costs from rising fuel prices onto customers, executives say. United has raised fares five times in the first quarter to offset higher fuel costs, Chief Commercial Officer Andrew Nocella tells analysts. The carrier is able to hike flight fares because of its particularly loyal customer base, Nocella says. Demand was already strong when the Iran conflict began and pushed up fuel prices, which is giving United the confidence to pass the costs onto consumers, Nocella says. (katherine.hamilton@wsj.com)
1527 GMT - United Airlines could continue to limit its capacity through 2027 if jet fuel prices remain elevated, Chief Executive Scott Kirby says. He expects the company will require less capacity growth in 2027 than it was planning two months ago if higher fuel costs related to the Iran war don't go down. United has already lowered capacity for 2026 due to fuel costs, adjusting it down by 5 percentage points through the rest of the year. The limited capacity removes off-peak days and hours, such as red eye flights, as well as flights to Tel Aviv and Dubai given the ongoing conflict in the Middle East. (katherine.hamilton@wsj.com)
1355 GMT - United Airlines Chief Executive Scott Kirby dodged questions on CNBC about whether he was considering a merger with American Airlines. He said he won't comment on rumors of the merger, which President Trump said earlier this week he wouldn't be in favor of. Kirby says he has been working for years on ways to create a global U.S. airline that could better compete with international carriers, which currently fly about 65% of long-haul trips into the U.S. "We've been talking about the fact that we want to create a truly global competitive airline for the United States," Kirby says. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 04:20 ET (08:20 GMT)
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