Transportation
Inside Rivian’s design factory and the story behind those distinct headlights
Rivian made a name for itself when it unveiled one of the first electric pickup trucks, the R1T, in 2018. It followed that up with an SUV built off the same platform, the R1S, and has since built a passionate fan base around a brand that celebrates adventure and the outdoors. Now it’s preparing for […]
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Firefly Aerospace surges 7% after buying defense tech firm for $855 million
Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace stock climbed 7% Monday, after the space company said it’s buying defense technology contractor SciTec for $855 million […]
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Detroit auto stocks jump on report of tariff relief for U.S. vehicles
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers closed higher Friday […]
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Tesla, GM lead record U.S. EV sales this year as federal incentives end
A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another. Michael Wayland | CNBC DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase […]
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‘Common sense will prevail’: Bombardier CEO on U.S. tariffs and U.S.-Canada trade spat
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Éric Martel, President and CEO of Bombardier, speaks to CNBC’s Monica Pitrelli at the sidelines of the Milken Asia Summit. He reiterates that the company’s flagship jet, the ‘Global 8000’ is on track to hit the markets in 2025 and adds that […]
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EVs, big SUVs drive Ford Q3 U.S. sales up 8.2%
Ford Mustang Mach-E and F-150 Lightning on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Sales of electric vehicles and large SUVs drove Ford Motor‘s third-quarter sales up by 8.2%, the Detroit automaker reported Wednesday. Ford said sales of all-electric vehicles increased by 30.2% during the […]
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Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Jim Farley, president and chief executive officer of Ford Motor Co., at Ford Pro Accelerate in Detroit, Michigan, US, on Tuesday, Sept. 30, 2025. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — “A lot of surprises.” That’s how Ford Motor CEO Jim Farley described his past five years leading the Detroit automaker, which he […]
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Spirit Airlines on track for a $475 million bankruptcy lifeline
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a […]
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Ford CEO expects EV sales to be cut in half after end of tax credits
James Farley, CEO, Ford speaks onstage during the Reindustrialize Conference 2025 on July 16, 2025 in Detroit, Michigan. Tasos Katopodis | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday. Farley on […]
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Firefly Aerospace stock tanks 24% after test rocket explosion
A model of the Firefly Aerospace Blue Ghost lander during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty Images Firefly Aerospace shares sank more than 24% after its rocket exploded during a test flight on Monday. The explosion occurred […]
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