United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...
Tag: Transportation
SpaceX begins launching V2 Mini Starlink satellites
A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Elon Musk’s SpaceX has launched the first batch of its next-generation Starlink internet satellites as the com...
Norwegian Cruise Line Misses Earnings Estimates. The Stock Is Falling.
Norwegian Cruise Line Holdings stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023. Cruise operator Norwegian (ticker: NCLH) posted an a...
Buttigieg’s Use Of Federal Jets Under Review By Transportation Department Watchdog
Topline The Department of Transportation’s inspector general is launching an audit into Transportation Secretary Pete Buttigieg’s use of federal jets for official trips, as Buttigieg comes under fire ...
DeLorean Has Hit the Brakes. Catching Tesla Is Proving Hard for EV Rivals.
When Marty McFly drove into the future in the famous 1980s movie, he made it look easy. For EV start-ups trying to leap ahead in their industry, it’s proving a lot harder. DeLorean, the car company ma...
Fisker (FSR) Q4 2022 results, production, reservations
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 the Ohio Derailment May Power a Company With Deep Roots in Train Safety
Derailments have plagued trains since their invention, sometimes driving change. This past week, Transportation Secretary Pete Buttigieg responded to the Feb. 3 Norfolk Southern derailment and toxic s...
Space Force rocket launch acquisitions takes ‘mutual fund approach’
The headquarters of Space Systems Command in Los Angeles, California. U.S. Space Force / Jose Lou Hernandez The U.S. military is preparing to buy another round of rocket launches from companies next y...
Luxury EV maker Lucid appears to have a demand problem
People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxury electric vehicle ma...
Ford delays F-150 Lightning production another week after battery fire
Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to...
NTSB Ohio train derailment report points to overheated wheel
Workers continue to clean up remaining tank cars, Tuesday, Feb. 21, 2023, in East Palestine, Ohio, following the Feb. 3 Norfolk Southern freight train derailment. Matt Freed | AP Federal authorities o...
Lordstown halts production of EV Endurance trucks to fix issues
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors sa...
Nikola (NKLA) Q4 2022 results
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, gener...
Lucid (LCID) earnings Q4 2022
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday...
Terran Orbital wins $2.4 billion Rivada satellite contract
The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Terran Orbital shares surged on Wednesday after the company announced a $2.4 billion contract to build co...
Nikola EV trucks’ driver-assist system coming next year
Nikola Motor Company Two truck Source: Nikola Motor Company Nikola will begin offering an advanced driver-assist system on its electric heavy trucks starting late next year, the company said Wednesday...
SpaceX adjusts Starlink monthly pricing for residential customers
A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX rolled out new pricing for residential Starlink customers based on its ...
Bentley to end 12-cylinder engine production in transition to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinde...
Safe to return to East Palestine, Ohio
Norfolk Southern CEO Alan Shaw told CNBC he thinks it’s safe for families to return to East Palestine, Ohio, nearly three weeks after toxic chemicals were released following a train derailment e...
Jed McCaleb’s space station company Vast acquires startup Launcher
The company’s first space tug, called Orbiter SN1, is seen undergoing final launch preparations. Launcher Space station company Vast announced on Tuesday it has acquired fellow startup Launcher ...
Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...
Spring break gets pricey as travelers return to old booking habits
Spring break travel demand is picking up, driving up airfare and hotel rates. Travel app Hopper said in a report last week that domestic airfare is averaging $264 a round trip for March and April, up ...
United Airlines helps launch sustainable aviation fuel fund
A United Airlines passenger plane takes off from Frankfurt Airport. The airport, which is operated by fraport, is one of the most important hubs in Europe. Jana Glose | Picture Alliance | Getty Images...
United aims to make it easier for families to sit together for free
A United Airlines plane departs the Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | Afp | Getty Images United Airlines said Monday that new technology will ope...
Intel’s dividend cut shows the need for quality. Here are 20 dividend stocks screened by UBS.
Stocks that pay high dividends can provide comfort during times of market turmoil. It is much easier to be patient if money is rolling in, and a strategy of reinvesting dividends may outperform when t...