A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines is planning to ...
Tag: Transportation
Ford cuts SUV, truck production at two plants due to chip shortage
An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once agai...
Airline software giant ends service with Russia’s Aeroflot, crippling carrier’s ability to sell seats
Aeroflot Russian Airlines and Rossiya Airlines jet aircrafts at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Sabre Corp. on Thursday said it terminated its a...
Wall Street praises Ford’s EV plans, questions sales and profit targets
Employees work 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 Wal...
Russia Roscosmos refusing to launch OneWeb satellites: Ukraine crisis
A Soyuz 2 rocket launches 36 OneWeb satellites on March 25, 2020 from Vostochny Cosmodrome, Russia. Roscosmos The corporate internet space race has taken a geopolitical turn. Russian space agency Rosc...
Ford splits EVs and legacy autos into separate units
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor said Wednesda...
U.S. bans Russian aircraft from American airspace
U.S. President Joe Biden speaks about a U.S. Special Forces operation in Northern Syria against ISIS leader Abu Ibrahim al-Hashemi al-Quraishi, from the Roosevelt Room of the White House in Washington...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
Artemis missions, SLS rocket billions over budget
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA To the moon, indeed. NASA’s auditor didn’t mince words when he told lawmakers Tuesday that the space agency̵...
GM sells its stake in embattled EV start-up Lordstown Motors
The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth...
Workhorse swings to quarterly loss on recalls, outlines new product plan
Workhorse C-Series Courtesy: Workhorse Struggling electric vehicle start-up Workhorse Group expects to build roughly 250 vehicles in 2022 after completing a product-roadmap overhaul, the company said ...
Jeep maker Stellantis aims to double revenue by 2030
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on Januar...
Pentagon’s SDA awards Transport Layer satellite internet contracts
Aerial view of the United States military headquarters, the Pentagon. Jason Reed | Reuters The Space Development Agency, an acquisition arm of the Department of Defense, on Monday announced nearly $1....
Cruise co-founder named CEO once again after unexpected departure
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California. ...
Lucid slashes 2022 vehicle production forecast
Lucid Air Courtesy: Lucid Motors Lucid Group is cutting its car production forecast for this year by as much as 40%, sending shares of the electric vehicle start-up tumbling 14% during after hours tra...
Starlink satellite dishes arrive, official thanks Elon Musk
SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. Nacho Doce | Reuters A shipment of SpaceX’s Starlink satellit...
ISS partnership with Russia ‘working’ despite Ukraine conflict
The International Space Station is pictured from SpaceX’s Crew Dragon Endeavour during a fly around on Nov. 8, 2021. NASA NASA’s top official on human spaceflight addressed the agency̵...
Viasat says ‘cyber event’ disrupting satellite internet service
A Viasat Inc. logo seen displayed on a smartphone and in the background. Sopa Images | Lightrocket | Getty Images Viasat said Monday that it believes “a cyber event” disrupted its satellit...
Lordstown Motors to produce 3,000 electric pickups through 2023
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 Embattled electric ...
BP to Exit 20% Stake in Russia’s Rosneft
Russia’s aggressions in Ukraine prompted reactions from companies such as BP and United Parcel Service as well as Norway’s sovereign wealth fund as the world continues to raise pressure on President V...
Warren Buffett Has News Likely to Please Shareholders
Berkshire Hathaway’s 2021 vintage is like a good bottle whose consumption will undoubtedly delight fans and admirers of Warren Buffett, chairman and CEO of the company he runs with his right-han...
How the conflict is disrupting air travel
One of the five Ukrainian Boeign 737-800 aircraft that landed yesterday at Castellon airport in the face of the political situation in Ukraine and Russia, on 15 February, 2022 in Castellon, Valencian ...
Warren Buffett: Berkshire Hathaway Paid 1% of All U.S. Corporate Tax Receipts
Berkshire Hathaway has the largest amount of domestic infrastructure assets of any American company and paid $3.3 billion in federal taxes in 2021—or nearly 1% of all corporate tax receipts—CEO Warren...
Is Now the Time to Buy or Sell? 7 Stocks to Consider During Turbulent Times.
I asked two market strategists whether U.S. investors should buy stocks here despite the pall of war in Ukraine. One says definitely, and the other says to hold off. Both are convincing. This is why I...
Bill Gates Bought Up More of This Waste-Management Stock
Waste-management company Republic Services has been down in the dumps this year, but its largest shareholder, Bill Gates, just bought more shares. Republic Services stock (ticker: RSG) has slid 14% ye...
Renault, Hyundai and VW have most exposure to Russian car market
Cars sit at a standstill as people try to leave the city on February 24, 2022 in Kyiv, Ukraine. Chris Mcgrath | Getty Images New U.S. sanctions and Moscow’s invasion of the Ukraine could have a ...
Delta Air Lines cuts ties with Aeroflot after Russia attacks Ukraine
An Aeroflot Russian Airlines Airbus A320 aircraft as seen on final approach flying and landing on the runway at Amsterdam Schiphol Airport with the terminal and the control tower visible, after arrivi...
Semiconductor sales to Russia banned, but that shouldn’t hurt Intel, AMD and other chip makers
Semiconductor companies are banning sales to Russia following the company’s invasion of Ukraine, but an analyst says the companies shouldn’t feel much of an effect. As Russian forces continued to bomb...