Text size An aerial view of Tesla Shanghai Gigafactory. Xiaolu Chu/Getty Images Tesla ’s plant near Shanghai is going to shut down temporarily, according to reports. The downtime will add some uncerta...
Tag: Transportation
United Airlines will cut 12% of Newark flights in effort to tame delays
A United Airlines passenger airplane is landing on Newark Liberty International Airport in Newark, New Jersey, on January 19, 2022. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines will c...
World’s largest hybrid ship to ferry passengers between UK, France
An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U....
Electric vehicle raw material costs doubled during pandemic
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Dav...
Boeing Says ‘Drip, Drip’ of Bad News Should Stop. Investors Don’t Believe It.
Text size Boeing CEO Dave Calhoun expects air travel demand to stay. Dreamstime Boeing CEO Dave Calhoun spoke Wednesday at an conference in Qatar arranged by Bloomberg. For investors, there was some g...
SpaceX FCC broadband feud vs. Dish, Michael Dell affiliate worsens
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images W...
Rail walk-out kicks off in UK amid fears of a summer of pay strikes
Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty I...
Travel demand unlikely to dissipate despite airport chaos
Emirates has said it doesn’t see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparked airport chaos ahead of the busy summer hol...
How GM, Ford, Tesla are tackling the national EV charging challenge
More people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up six-fold since 2016, but the number of EVs is still a very small slice of the more than 28...
Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.
Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress...
Volvo has started testing trucks with fuel cells powered by hydrogen
According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Image...
JetBlue Sweetens Its Offer for Spirit Airlines
Text size The Spirit board has already approved the Frontier cash and stock offer. Daniel Slim/AFP via Getty Images JetBlue further sweetened its offer for Spirit Airlines to $33.50 per share on Monda...
‘The Profit’ Star Marcus Lemonis Scooped Up Camping World Stock
Text size Marcus Lemonis, of the CNBC show “The Profit,” says RV company Camping World is “the most important thing” in his life. Michael Nagle/Bloomberg Camping World Holdings stock has tumbled in 20...
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks.
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a tw...
SpaceX Fires Employees Involved in Letter Critical of Elon Musk, Company
SpaceX fired some employees involved in a letter that criticized Chief Executive Elon Musk and the way the company applies internal rules, according to an email to staff from SpaceX’s president and pe...
SpaceX fires employees after internal letter criticizes CEO Elon Musk
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency&#...
Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New...
Airline stocks tumble as economic concerns overshadow travel surge
An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. A...
NHTSA data shows Tesla accounts for most driver-assist crashes
The NTSB released this image of a 2021 Tesla Model 3 Long Range Dual Motor electric car that was involved in a fatal accident near Miami that killed two people on Sept. 13, 2021. NTSB Tesla vehicles h...
GM investing $81M to hand build luxury Cadillac Celestiq electric cars
Front driver’s side view of the Celestiq show car, which GM is expected to unveil in late-July. GM DETROIT – General Motors on Wednesday said it is investing $81 million at its global design and...
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesda...
American Airlines CEO vows to improve pilot pay as wages at other carriers rise
FILE – American Airlines President Robert Isom speaks at a news conference about the company’s new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines ...
Cruise stocks don’t look at all like they’ve bottomed yet, analyst says
There’s still no compelling reason to believe that shares of cruise operators have bottomed, as a “trifecta of worries” still remain, said Deutsche Bank analyst Chris Woronka. Woronka reiterated the h...