Transportation
Toyota opens new U.S. battery plant, confirms $10 billion in new investments
Toyota display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the next five […]
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Autonomous EV trucking company Einride going public in SPAC deal valuing it at $1.8 billion
The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach. Einride Autonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check […]
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Airlines warn flight cancellations will continue even after shutdown ends
A sign displaying “Will Vector for Food” is displayed on the control tower as a Southwest airlines flight takes off at Ronald Reagan Washington National Airport in Arlington, Virginia on November 10, 2025. Andrew Caballero-reynolds | Afp | Getty Images Flight disruptions that have marred air travel for millions of people in recent weeks could […]
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Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand
DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of the most highly in-demand […]
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Flight disruptions from shutdown worsen; Delta, United offer extra pay to crew flights
Flight timings and cancellations are displayed on the departures board, a month into the ongoing U.S. government shutdown, at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., November 9, 2025. Annabelle Gordon | Reuters Flight cancellations were again worsening on Monday as air traffic controller shortages worsened by the longest-ever U.S. government shutdown snarled […]
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Private-jet demand is on the rise amid government shutdown, says Flexjet CEO
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Demand for flights on private jets has been on the rise during the U.S. government shutdown as commercial air travel headaches have worsened, the CEO […]
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FAA prohibits most private jets at 12 major airports amid shutdown’s air traffic staffing problems
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington’s Reagan National Airport on June 12, 2024, in Arlington, Virginia. J. David Ake | Getty Images The Federal Aviation Administration on Monday will “effectively prohibit business aviation” at a dozen major U.S. airports, adding to flight restrictions for commercial airlines as […]
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Flight cancelations to worsen next week if shutdown continues
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images U.S. airlines will have to cut hundreds more flights next week if Congress can’t come to a solution to end […]
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EV maker Rivian gives CEO a Musk-style pay package worth up to $4.6 billion
Rivian CEO RJ Scaringe tours the inside of electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters EV maker Rivian on Friday said it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for […]
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Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport
Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne […]
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