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Fraport sells its stake in Hannover Airport

Today, airport operator Fraport has sold its 30 percent stake in Flughafen Hannover-Langenhagen (FHLG), the operating company of Hannover Airport, to iCON Infrastructure Group for €109.2 million. Fraport had initially acquired a 20 percent stake in FHLG 1998, followed by another 10 percent five years later. Looking at Fraport Group’s most recent

Lyft gets into bike-share business, acquiring operator of Capital Bikeshare and Citi Bike

Lyft has acquired Motivate, the operator of Capital Bikeshare, the company announced Monday. (Astrid Riecken for The Washington Post) Lyft is getting into the bikeshare business, announcing Monday it has acquired the nation’s largest bikeshare operator, Motivate. The ride-hailing company acquired Motivate, the operator of Capital Bikeshare and New York’s Citi Bike,

Panalpina acquires Argentine logistics network for perishables

Panalpina agreed to acquire the Argentinian perishables specialist Newport Cargo S.A., subject to conditions. On Wednesday, Swiss forwarder Panalpina released news of a new deal to acquire Argentine logistics company Newport Cargo S.A. in a move that will bolster its orientation toward the growing Latin American perishables market. Newport Cargo handles 24,000

Tesla bought an old GM-Toyota factory and made it cool — but in its former life it built a lot more cars

Inside the Tesla factory. Benjamin Zhang/Business Insider Tesla's factory in California has a theoretical manufacturing capacity of 500,000 annually. Toyota and GM built almost that many there in 2006. Tesla is struggling to hit its manufacturing targets for the Model 3. Its factory produced close to 450,000 vehicles annually when it