Blade Air Mobility and Joby Aviation: *The Deal: Blade Air Mobility is selling its helicopter passenger rideshare business to Joby Aviation for $125 million. This deal is causing Blade's stock to surge up to 30% and Joby's stock to rise over 5%. *What's included in the deal: Joby Aviation is acquiring Blade's helicopter rideshare service, which offers transportation from various New York City landing spots to nearby areas like the Hamptons or airports such as Newark Liberty International. *What's not included: Blade's medical transport business will be spun out into a new public company called Strata Critical Medical, and Joby won't be taking that over. *Some stats about Blade: - *Passengers transported: Over 50,000 passengers in 2024 - *Terminals: 12 different terminals operating from Blade Air Mobility operates in two main segments²: - *Passenger: Offers helicopter and seaplane flights in the US and Europe - *Medical: Transports human organs for transplant...
Indian Auto component industry likely to face short term disruptions as result of US- imposed 25% tariff
The Indian auto component industry is facing potential disruptions due to the US-imposed 25% tariff on Indian goods, effective August 1. This move may impact pricing strategies and supply chain dynamics. Here's what's happening
- *Tariff Impact*: The US is a significant market for Indian auto component exports, accounting for around 32% of India's total auto component exports. With the new tariff, Indian companies might struggle to compete globally.
- *Affected Companies*: Motherson Group and Sona BLW Precision Forgings are likely to be directly impacted due to their significant operations and customer dependencies in the US.
- *Industry Response*: Companies are exploring alternative markets and considering investments in tariff-neutral zones like Mexico to sustain their global presence.
- *Export Impact*: North America was the largest export market for Indian auto components in FY25, with shipments worth $7.35 billion, growing 8.4% year-over-year.
The Indian auto component industry, valued at $74 billion in FY24, with exports accounting for $21.2 billion, is expected to reassess its export models and pricing strategies. The US accounts for 3% of its auto component imports, while Mexico, China, and Canada are major contributors.
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