Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in ...
Tag: Transportation
CEO reportedly laments red ink incurred from Air Force One deal as Boeing posts $1.2 billion first-quarter loss
Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses. The loss was bigger than Wall Str...
Boeing Looked for Flaws in Its Dreamliner and Couldn’t Stop Finding Them
For years, Boeing and the Federal Aviation Administration handled 787 Dreamliner deliveries as though the perfect was the enemy of the good. The FAA allowed the plane maker to deliver the wide-body je...
Boeing lost billion dollars on Trump Air Force One plane deal
Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Cal...
Ford (F) earnings Q1 2022
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor is set to report its first-quarter results after the b...
Boeing posts loss as it grapples with delays on commercial, defense programs
A Boeing Co. Dreamliner 787 plane with AirEuropa livery moves past the company’s final assembly facility in North Charleston, South Carolina, U.S., on Tuesday, Dec. 6, 2016. Travis Dove | Bloomb...
Elon Musk’s SpaceX launches NASA Crew-4 astronaut mission
A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft Freedom launches the Crew-4 mission from NASA’s Kennedy Space Center in Florida on April 27, 2022. Aubrey Gemignani |...
Lucid to deliver up to 100,000 EVs to Saudi Arabia’s government
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the government of Saudi Arabi...
GM has 140,000 reservations for Chevrolet Silverado EV
2024 Chevrolet Silverado EV RST GM General Motors now has about 140,000 reservations for the upcoming electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM’s first-qu...
FAA, airlines to meet on Florida flight disruptions as travel booms
Travelers look at a display board showing cancelled and delayed flights at Orlando International Airport on New Year’s weekend, despite thousands of flight cancellations and delays across United...
Ford CEO Farley plans to challenge Tesla to become the top EV maker
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DEARBORN, Mich. – Ford Motor plans...
JetBlue shares fall after airline cuts 2022 growth plans
Technicians inspect a JetBlue Embraer 190 aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 7, 2021. Chris Helgren | Reuters JetBlue Airways shares tumbled more th...
United Airlines ramps up flights for European travel comeback
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Matthew Childs | Reuters United Airlines says deman...
Inflation, supply issues threaten 2022 profits
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — There’s growing concern among Wall Street analyst...
Delta to pay flight attendants during boarding amid union push
Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images D...
Private Axiom astronaut crew returns from ISS
Crew Dragon capsule Endeavour splashes down in the Atlantic Ocean with the Axiom Space Ax-1 crew on April 25, 2022. SpaceX SpaceX safely returned its Crew Dragon spacecraft from orbit on Monday, carry...
Ford F-150 Lightning electric pickup could win first-mover advantage
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to...
GM says it will produce electric Chevrolet Corvettes
DETROIT – General Motors will produce an electrified Chevrolet Corvette next year, followed by an all-electric version of the iconic sports car, GM President Mark Reuss said Monday. Reuss said the aut...
SpaceX signs Hawaiian Airlines for free Starlink Wi-Fi on flights
Hawaiian Airlines plane Louis Nastro | Reuters SpaceX will start providing wireless internet on Hawaiian Airlines flights from the Starlink satellite network as early as next year, a service the airli...
How to prepare your finances for another recession: ‘We think a hard landing will ultimately be unavoidable’
Two years after the short, sharp pandemic-related recession, Wall Street is once again warning of a new recession on the horizon. That’s not a lot to go on, but financial-planning experts say it ought...
SpaceX signs Starlink inflight Wi-Fi deal with charter carrier JSX
SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter company JSX, as Elon Musk’s firm moves into the in-flight Wi-F...
This Is What Tesla CEO Elon Musk’s Other Company Is Worth
Text size The Boring Company, Elon Musk’s tunneling company, just raised more capital. Robyn Beck/Getty Images One of Elon Musk’s companies just got more valuable. No, this isn’t about Tesla (ti...
As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10%
Stocks are set to get a major bump on Thursday, thanks to blowout results from Tesla, which go some way in easing the sting over Netflix disappointment. With earnings sharply in focus for now, market ...
American Airlines (AAL) 1Q 22 earnings
American Airlines on Thursday forecast a second-quarter pretax profit as strong bookings help it cover soaring fuel costs. American, the country’s largest airline, said March was the first month...
Planet details Pelican line of Earth imaging satellites
A graphic rendering of a Pelican satellite. Planet Earth imaging and data specialist Planet Labs on Thursday unveiled details of its new line of Pelican satellites, as the company looks to further exp...
Digital Freight Service Convoy Hauls In $260 Million To Build Out Trucking Platform
Convoy says it has 400,000 truckers using its smartphone app. Convoy Convoy, a digital platform to make trucking more efficient, said it’s raised an additional $260 million to build out its service as...
Ford announces Lincoln Star EV concept, four new EVs to debut by 2026
Lincoln Star concept electric vehicle Lincoln DETROIT – Ford Motor plans to introduce four new electric vehicles into its Lincoln lineup by 2026, as the once-dominant American luxury brand reinvents i...
Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.
Tesla’s first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla’s new factory in Texas. SUZANNE CORDEIRO / AFP / Getty Images Text siz...