Auto & Transport Roundup: Market Talk

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.

1146 GMT - Porsche results are strong, driven by higher sales of its 911 models and lower-than-expected restructuring costs of 100 million euros, but management points to 2027 being a transition year for the company, RBC Capital Markets analyst Tom Narayan writes. Maintained full-year guidance does suggest slight upside to consensus numbers, even with the second-quarter beat, he adds. However, the company faces headwinds from electric-vehicle margins, the phase out of the petrol-powered Macan and continued restructuring costs next year. "We expect more details on the multi-year recovery story to be discussed at the company's October 7 investor day." Shares fall 1%. (dominic.chopping@wsj.com)

1129 GMT - Aston Martin's results suggest the automaker is starting to become a more financially resilient business, but the challenge now is proving this is the start of a more durable recovery, Mark Crouch of Etoro writes. Investors have heard promises of recovery before, only to watch the shares drift lower, so there is understandable skepticism whenever management points to improving momentum, Crouch says. This time, however, there are more tangible signs of progress, with strong Valhalla supercar deliveries driving sharp improvement in profitability, narrowing cash outflows, and a refinancing that has eased immediate concerns over liquidity. "This is an important milestone, not the finish line," he says. "Yet maintaining full-year guidance while strengthening the balance sheet should give even cautious investors reason to take another look." Shares rise 2%. (dominic.chopping@wsj.com)

0652 GMT - Jasa Marga may benefit from its exposure to the high-growth Jakarta Outer Ring Road, Bahana Sekuritas analysts say in a research report. The brokerage's model estimates that this road, for which the Indonesian company manages some of the toll road network, will contribute 199 billion rupiah, or 8.8% of Ebitda growth over the next three years. This road has consistently shown better traffic growth than other toll roads combined, and the Indonesian company has noted drivers' willingness to pay higher for the road, up to 2,000 rupiah per kilometer versus Jakarta's average of 1,700 rupiah per kilometer. The brokerage initiates coverage of the stock with a buy rating and a target price of 3,500.00 rupiah. Shares are 0.75% higher at 2,700.00 rupiah. (ronnie.harui@wsj.com)

2032 GMT - Transat A.T. finalizes agreement with the Canadian government to secure up to C$150 million in financing to help offset higher fuel prices. The travel company had signaled last month its intention to apply for financing under a new credit line the federal government set up to help airlines deal with the rapid rise in energy costs. Transat says it is receiving C$125 million up front, with the possibility of additional drawdowns depending on the hit from fuel. It adds the loan has a four-year maturity and carries an annual interest rate of 3.91%. (paul.vieira@wsj.com)

2013 GMT - Ford continues to incur large charges from its move to pull back its electric vehicle production. The company's second-quarter loss of $1.33 billion includes $500 million in charges tied to EV program cancellations, as well as a $3.6 billion charge from the end of Ford's EV battery joint venture with SK Group. Ford also reports a decline in revenue, driven in part by the right-sizing of its EV volumes to better match customer demand. Still, the company is working toward building a new, $30,000 electricity-powered truck expected to debut in 2027. (elias.schisgall@wsj.com)

2007 GMT - Ford Motor is expecting to receive $500 million in refunds this year for tariffs paid under President Trump's old tariff regime, prompting the company to lift its free cash flow guidance. Ford in April said it anticipates a total refund of $1.3 billion, which was recorded as part of the company's first-quarter profit. Still, at the time, Ford said it didn't expect to receive the actual cash until 2027. Now, at least the initial refund payments are expected to hit the company's coffers this year, Ford says. The company didn't address timing for the remaining $800 million it expects to receive. (elias.schisgall@wsj.com)

2006 GMT - Ford Motor now sees U.S. automobile prices increasing this year to the tune of 0.5%, compared to their previous view that prices would stay roughly flat. The new expectation is a major driver of the company's revised outlook, which sees full-year adjusted earnings before interest and taxes of between $10 billion and $11 billion, up from a range of $8.5 billion to $10.5 billion. The higher prices have already helped boost second-quarter revenue in the Ford Blue segment to $26.1 billion from $25.8 billion a year earlier, despite the company reporting an overall decrease in revenue. (elias.schisgall@wsj.com)

1701 GMT - It will be difficult but not impossible for Canada to double the level of exports to non-U.S. markets by 2035, says Oxford Economics in a note. "But it won't occur organically, and it's unlikely without strategic and timely infrastructure investments," says the forecasting firm. Investments are needed at Canada's existing ports, and the construction of new terminals, the firm says. Both the Bank of Canada and PM Mark Carney are warning the country's marine terminals have fallen behind global peers in terms of shipping and efficiency. Oxford notes the vast majority of goods destined for non-US destinations travel by ship. (Paul.Vieira@wsj.com; @paulvieira)

1632 GMT - A regulatory-driven squeeze on trucking supply could spark a unusually long-lasting freight up-cycle, according to National Bank of Canada's Cameron Doerksen. He says in a note that "trucking supply reductions are primarily a function of regulatory changes in the U.S. and Canada" and will drive ongoing margin expansion for TFII in the coming quarters with "further potential upside from improving demand, particularly in the industrial sectors to which the company is more exposed." What's more, the supply constraints should fuel a trucking up-cycle that has the potential to be more "long-lasting than has historically been the case," Doerksen says. Shares are 4.7% higher at C$215.40. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 12:20 ET (16:20 GMT)