Transportation
Ocean freight orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop […]
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Firefly’s successful rocket launch over the weekend helps fill a big gap in the market, CEO says
The view from the upper stage of the Alpha rocket after reaching orbit on Oct. 1, 2022. Firefly Aerospace Private venture Firefly Aerospace reached orbit with its Alpha rocket for the first time on Saturday, a milestone in the company’s development that sees it join an increasingly competitive U.S. launch market. Firefly is the fifth […]
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Toyota CEO Akio Toyoda talks about why he isn’t all-in on EVs — and what made him do a ‘happy dance’
Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to be: “I love cars.” Just how the 66-year-old racer, car enthusiast and company scion will be remembered regarding […]
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Dodge tries to convert its muscle car fans from V-8 engine to EV
Tim Kuniskis, CEO of Dodge Brand, Stellantis, introduces the Dodge Charger Daytona SRT Concept all-electric muscle car at its world reveal during Dodge’s Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan. Bill Pugliano | Getty Images Since the Dodge Charger was reintroduced in 2006, Dodge has been building a reputation for […]
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Elon Musk displays off humanoid robotic prototype at Tesla AI Day
Tesla demonstrates an early prototype of the Optimus humanoid robotic at its AI Working day 2022 on Sept. 30 Screenshot Tesla CEO Elon Musk and other leaders from the automaker’s AI and components groups spoke at the company’s 2022 AI Working day, an engineer-recruiting celebration in Palo Alto, Calif., on Friday evening. During the final […]
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Intel’s self-driving car or truck division Mobileye data files for IPO
Mobileye’s CEO Amnon Shashua poses with a Mobileye driverless automobile at the Nasdaq Sector internet site in New York, July 20, 2021. Jeenah Moon | Reuters Mobileye, an Intel-owned company that will make chips, maps, and software program for self-driving autos, has filed for an IPO, in accordance to a prospectus filed with the SEC […]
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EV and self-driving stocks fell nearly 15% in September, their second-worst month on record
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images A key ETF for electric and autonomous vehicle stocks suffered an ugly month in September, falling nearly 15% amid fears a recession could slow revenue for the automakers. The Global X […]
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Ford’s stock is up more than 70% since Jim Farley became CEO – but he still has a ton of work to do
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters DETROIT – As incoming CEO of Ford Motor, Jim Farley promised more transparency to Wall Street as well as a clear plan for the future. At the time, Ford was considered behind the […]
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Joby Aviation can’t hit generation targets on time, according to short sellers’ report
A Joby Aviation Air Taxi is found outside of the New York Inventory Trade (NYSE) ahead of their listing in Manhattan, New York Town, U.S., August 11, 2021. Andrew Kelly | Reuters Joby Aviation, which is producing peaceful, clear electric powered aircraft, has tantalized shareholders with ideas to launch an Uber-like air taxi services into […]
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Carnival shares shed 20% on ballooning costs, dragging cruise stocks lower
The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs associated with inflation, supply chain […]
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