The chip sector melted down Friday after U.S. regulators moved to pump the brakes on China’s military ambitions by issuing new restrictions on semiconductor and AI technology that can be sold to the c...
Tag: Transportation
New cars are finally back in stock, but they come at a steep price
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT — New cars are slowly becoming more widely available, as su...
York Space wins $200 million Pentagon contract for T1DES satellites
The S-CLASS platform, designed for missions for a wide variety of government and commercial customers. York Space Systems Spacecraft manufacturer York Space Systems won a Pentagon contact worth up to ...
Mercedes-Benz CEO says EV transition will be helped by luxury drivers
A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. Mark Blinch | Reuters Mercedes-Benz CE...
Rivian 2022 EV production targets will mean a sharp ramp-up
A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 ...
Ford ups starting price of electric F-150 Lightning to $51,974
Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor is increasing the sta...
Ford to end production of $500,000 GT supercar with special edition
2022 Ford GT LM Edition Ford DETROIT — Ford Motor will end production of its $500,000 GT supercar later this year with a special edition model paying tribute to the vehicle’s racing heritage. Th...
York Space hits $1 billion valuation after AEI investment deal
One of the company’s spacecraft in orbit. York Space Spacecraft manufacturer York Space Systems is selling a majority stake in the company to private equity firm AE Industrial Partners at an ent...
Advances In Computer Vision Propel Transportation Autonomy
Autonomous self-driving car is recognizing road signs. Computer vision and artificial intelligence … [+] concept. getty Vision is a powerful human sensory input. It enables complex tasks and pro...
Ford’s sales up 16% in third quarter, despite September decline
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a l...
Air cargo rates slump but some companies see long-term strength
The cost of shipping air freight around the world is slumping, but some companies say the world’s shift to flying goods around the world will keep the market attractive for years. “I don&#...
Logistics Not to Blame for Tesla’s Deliveries Miss. There Is a Bigger Reason.
Tesla stock was getting hammered after weaker-than-expected third-quarter delivery numbers. Wall Street seems to believe the shortfall was due to logistics. That isn’t what investors are worried about...
Norwegian Cruise Line ends Covid-19 testing, masking and vaccine requirements
A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Norwegian Cruise Line anno...
GM third quarter sales rise 24% over 2021 totals
People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DET...
Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy
Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to b...
Ocean shipping orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reu...
Firefly Aerospace reaches orbit joining SpaceX, Rocket Lab and others
The view from the upper stage of the Alpha rocket after reaching orbit on Oct. 1, 2022. Firefly Aerospace Private venture Firefly Aerospace reached orbit with its Alpha rocket for the first time on Sa...
Dodge tries to convert its muscle car fans from V-8 engine to EV
Since the Dodge Charger was reintroduced in 2006, Dodge has been building a reputation for making muscle cars with big engines and bold and bright paint jobs. But it plans to discontinue the gas-power...
Ford, Rivian, GM: Concern About Outlook for Carmakers Piles Up
Life for the car manufacturers is becoming tougher as the economic slowdown worsens. A perfect storm of prepandemic difficulties made worse by covid-19 appears to be forming. Demand for cars is likel...
These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 SPX fell 1.5% on Fri...
Carnival Debt Yields in the Teens After Big Earnings Miss
Cruise line bonds have taken a fresh hit after Carnival’s weaker-than-expected financial update for its latest quarter, and yields on many debt issues now are in teens. Carnival (ticker: CCL) shares ...
Electric and autonomous vehicle ETF falls 15% in September
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffere...
Ford (F) stock up 70% since Jim Farley became CEO, but he has work to do
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters DETROIT – As incoming CEO of Ford Motor, Jim Farley promised more trans...
Carnival shares fall on ballooning costs, dragging cruise stocks lower
The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell be...
Elon Musk Revives a Grudge with a Familiar Foe
Elon Musk rarely forgets. And Tesla’s (TSLA) billionaire CEO certainly doesn’t forget those who have opposed him or his companies. To ensure they don’t keep a short memory, he rem...
Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.
This year nearly every type of security has declined — bad news if you look at your portfolio’s value each day and have difficulty sleeping at night. On the other hand, it’s good news if you’re lookin...
Carnival’s Pricing Problems Are ‘Company Specific,’ Analyst Says
“Not all cruise operators are created equally,” wrote Stifel analyst Steven Wieczynski, saying he is upbeat about the sector despite grim news from Carnival that dragged the stocks lower last week Car...