The world’s richest person may have taken a ‘passive’ stake in Twitter , but he is clearly intent on playing an active role in pushing for change on the platform itself. There is a chance the stake wi...
Tag: Transportation
GM and Honda to develop affordable electric vehicles that cost less than $30,000
DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a new global architecture, the companies announced Tuesday morning. The project will utilize GM&...
Amazon signs rocket deal with Blue Origin, Arianespace, ULA for Project Kuiper internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it s...
Ford’s first quarter sales fall 17% as automaker battles chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images ...
EV startup Polestar signs deal to supply up to 65,000 vehicles to Hertz
Swedish EV startup Polestar will supply up to 65,000 vehicles to Hertz over five years, the two companies announced on April 4, 2022. Swedish electric vehicle maker Polestar will supply up to 65,000 v...
Tesla Deliveries Rose in Quarter Elon Musk Calls Exceptionally Difficult
Tesla Inc. vehicle deliveries rose in the first quarter, but missed Wall Street expectations as the company struggled with global supply-chain disruptions and a brief Covid-19 shutdown at its Shanghai...
U.S. government bonds just suffered their worst quarter of the past half century: Here’s why some investors may not be fazed
U.S. government bonds just finished their worst quarter since at least 1973, yet some investors aren’t likely to be put off from buying Treasurys again given rising risks of a U.S. recession within th...
Airlines cancel hundreds of weekend flights as storms sweep through Florida
A Southwest Airlines jet sits at a gate at Orlando International Airport in Orlando, Florida, U.S., October 11, 2021. Joe Skipper | Reuters Airlines canceled hundreds of weekend flights and thousands ...
The Horizon Darkens for Faraday Future, Dubbed “Next Tesla”
Faraday Future Intelligent Electric (FFIE) – Get Faraday Future Intelligent Electric Inc. Report was long seen as the electric vehicle maker that would challenge Tesla’s (TSLA) – G...
Action Alerts: Boeing Benefits from Pulling in Jet Orders
Boeing (BA) – Get Boeing Company Report shares haven’t suffered much from the deadly March 21 crash of its 737-800 jet in China. The stock did slide 4% on March 21. But it has rebounded 4% from...
Vietnamese Carmaker Makes Bold and Risky Move to Challenge Tesla, Ford
It’s a bold and risky bet but it sends a clear message to local vehicle manufacturers: the cards for the American electric vehicle market are not yet completely distributed. There are still plac...
Rivian Stock Alert: Tesla Rival Asks for Patience
The first quarter was brutal for Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report. The stock took a beating on Wall Street after the company failed to deliver on its vehicle delivery...
US auto sales forecast Q1 2022 looks bleak due to chips, inflation
New Jeeps are displayed at a car dealership on October 05, 2021 in New York City. Spencer Platt | Getty Images Automakers will likely report sharp sales declines for March and the first quarter, indus...
Machining start-up Hadrian raises $90 million from Andreesen, Lux
The exterior of the company’s factory in Hawthorne, California. Hadrian Machine-parts start-up Hadrian Automation raised $90 million in a new round of funding led by venture firms Lux Capital an...
Jeff Bezos’ Blue Origin launch New Shepard NS-20 crew to space
[The livestream is slated to begin at 8:10 a.m. ET. Please refresh the page if you do not see the web player above.] Jeff Bezos’ Blue Origin is set to launch its New Shepard rocket for the first...
International travel return sparks battle for high spending passengers
A Singapore Airlines A380 first class suite Leslie Josephs | CNBC Singapore Airlines this week unveiled its highest-end offering in the U.S: first-class suites that feature a bed, a swivel chair, 32-i...
UiPath stock drops 20% after outlook falls short of Wall Street expectations
UiPath Inc. shares dropped in the extended session Wednesday after the “software robot” provider’s weaker-than-expected outlook overshadowed a beat of Wall Street’s quarterly results estimates. UiPath...
Delta’s health chief thinks the plane mask mandate will soon be lifted
Passengers wearing protective masks wait to board a Delta Air Lines Inc. flight at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., on Wednesday, April 7, 2021. Elijah Nouve...
Waymo self-driving experience: Mostly peaceful and productive
PHOENIX — “A ghost is driving the car.” That’s what my 5-year-old daughter said as I FaceTimed her recently from the backseat of a Waymo autonomous vehicle in the suburbs here. Motor...
Twenty-One States Sue Biden Administration To End Mask Mandates On Planes And Public Transportation
Topline Twenty-one Republican state attorneys general filed a lawsuit Tuesday against the Biden Administration in an attempt to end the mask mandate on airplanes and public transportation, which they ...
Autos union chief responds to Elon Musk ‘inviting’ UAW to organize Tesla workers
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If T...
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “...
Aircraft leasing giant casts doubt on renting to Russian airlines again
An Airbus A321-211 aircraft of Russian airline Aeroflot with registration VP-BOE is pictured on a long term parking at Cointrin airport in Geneva, Switzerland, March 9, 2022. Denis Balibouse | Reuters...
GM looks to increase Hummer EV production as reservations top 65,000
GMC Hummer EV pickup truck Michael Wayland / CNBC PHOENIX – General Motors has received more than 65,000 reservations for its electric GMC Hummer pickups and SUVs, as the automaker attempts to expedit...
Spacecraft manufacturer Terran Orbital LLAP begins trading on the NYSE
Spacecraft manufacturer Terran Orbital began trading on the New York Stock Exchange on Monday after closing its SPAC merger, going public with over $200 million in outstanding orders. Terran trades un...
Nio ET7 deliveries begin
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Nio confirmed Monday it has begun deliveries of its new luxury sedan, the ET7, on schedule, sending U.S.-...
Alaska Air Is Converting 2 More Boeing Jets Into Freighters. Here’s Why.
Text size Alaska Air sees capacity rising by 1% to 3% in 2022 compared to 2019. Photograph by Jason Redmond/AFP/Getty Images Alaska Air Group unveiled plans Thursday to convert two Boeing 737-800 pass...
Opinion: I’ve always pounded the table on revolutionary companies. Now I’ve found myself buying Intel’s stock
This may be a surprise for those of you who have been following me on MarketWatch, as I have focused on finding Revolutionary companies early on and holding on to them, usually forever. Intel is a com...