Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell elect...
Tag: Transportation
S&P 500, Nasdaq post worst day in month after strong data fuels worry about Fed rate hikes
The S&P 500 and Nasdaq Composite indexes recorded their worst day in almost a month on Monday, after a hotter-than-expected U.S. services-sector reading fueled concerns that the Federal Reserve ma...
Tesla, Chinese Rivals NIO, XPeng and Li Auto Dealt a Major Blow
Tesla dominates the electric vehicle market. Although the market share of Elon Musk’s group has declined in recent years as most legacy carmakers now offer electric models, the manufacturer of ...
SpaceX unveils Starshield, a military variation of Starlink satellites
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX Elon Musk’s SpaceX is expanding its Starlink satellite technology into military ...
How electric air taxis could shake up the airline industry
A VoloCity air taxi by Volocopter is pictured at Pontoise airfield in Cormeilles-en-Vexin, near Paris, France, November 10, 2022. Benoit Tessier | Reuters A world with flying vehicles, like the 1960s...
Delta pilots would get more than 30% in pay raises under new contract deal
A pilot walks past the windows at the newly renovated Delta terminal D at LaGuardia Airport in New York March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Air Lines and its pilots’ union...
Amazon, Walmart, and Kroger Could Have the Solution to Grocery Deliveries
Shoppers returning to stores in the wake of the Covid-19 pandemic, venture-capital money drying up, and higher labor costs mean the first golden age of food delivery looks to be over. But customers ha...
Tesla Gives an Unexpected Christmas Gift to EV Buyers
Tesla dominates the electric vehicle market. Elon Musk’s group has seen its competitors gain market share because it is no longer the only company to offer electric vehicles. In the U.S. market ...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people ...
Boeing Stock Surges On Report of 787 Dreamliner Order By United
Boeing (BA) – Get Free Report shares lurched higher Friday following a report that suggested United Airlines (UAL) – Get Free Report is close to making a deal for dozens of the planemake...
Carnival’s Princess Cruises will return to Japan after nearly 3 years
People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. ...
Astra chief engineer Benjamin Lyon resigns from rocket builder
Benjamin Lyon, chief engineer and executive vice president of engineering and operations Astra Beleaguered rocket-builder Astra is losing its highly touted chief engineer, Benjamin Lyon, the company s...
Toyota secures funding to develop hydrogen fuel cell version of Hilux
A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A co...
Senate passes rail labor pact before strike deadline, sends to Biden
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of paid sick leave to the agreement failed. The appro...
EV maker Fisker faces liquidity questions after cash is tied up claim
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Be...
How Google’s Waze changed from its early days as car travel is remade
Waze app with icon showing police Source: Waze In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Nobody enjoys sitting in bumper-to-bumpe...
House approves tentative labor deal, sends to Senate
A rail employee works a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images The House passed legislation Wednesday that would force a...
Delta making lounge access harder after complaints of crowding, lines
The Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, on Wednesday, June 1, 2022. Stephanie Keith | Bloomberg | Getty Images Delta Ai...
Elon Musk Fears Economic Disaster if This Is Not Done Immediately
The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts. On Nov. 30, DoorDash was the umpteenth com...
Tesla’s dominance of EVs is eroding as cheaper cars hit the market
Tesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Glo...
Amazon used AWS in satellite experiment
An image captured by the ION Elysian Eleonara satellite in January 2022. D-Orbit Amazon’s cloud computing division successfully ran a software suite on a satellite in orbit, in a “first-of...
With rail strike looming, tech companies reroute chips to trucking
A container delivery truck heads for one of the terminals at the Port of Long Beach in Long Beach, California. Frederic J. Brown | AFP | Getty Images Technology companies supplying critical semiconduc...
10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023
Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded l...