Transportation
Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, primarily high-margin trucks […]
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FAA rejects proposal to halve flight-time requirement for pilots as shortage prompts route cuts
A Republic Airways plane approaches the runway at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on April 2, 2022. Daniel Slim | AFP | Getty Images The Federal Aviation Administration on Monday said it has rejected a proposal to halve the number of hours required to become a co-pilot, as a severe shortage […]
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Hilton to design astronaut suites, facilities for Voyager’s private space station Starlab
Concept art of a “Starlab” space station Nanoracks PARIS — Hotel giant Hilton has signed on to design astronaut facilities for the private space station Starlab currently under development by Voyager Space Holdings and Lockheed Martin, the companies told CNBC on Monday. In addition to designing hospitality suites and sleeping arrangements, Hilton will also work […]
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How billionaire Jared Isaacman is using fighter jets to prepare his crew for private SpaceX missions
Astronauts love fighter jets, and billionaire founder Jared Isaacman is no different. Isaacman, who founded payments company Shift4, is deep into training with his team for the first spaceflight of the Polaris Program, announced earlier this year, in partnership with Elon Musk’s SpaceX. Isaacman’s crew of four is using fighter jets — including aircraft from his […]
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Volkswagen shares up marginally on Porsche’s 70-75 billion euro valuation
A Porsche AG Taycan Turbo S electrical auto at the luxury automaker’s improvement middle in Weissach, Germany, on June 21, 2021. Andreas Gebert | Bloomberg | Getty Photographs Volkswagen shares rose marginally on Monday immediately after the carmaker said it was concentrating on a valuation of up to 75 billion euros ($74.84 billion) for sportscar model […]
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Volkswagen targets $70.1 billion to $75.1 billion valuation in prepared Porsche IPO
The title of the vehicle company Porsche is hooked up to the curved facade of the recently designed Porsche Centre in Magdeburg. Stephan Schulz | photograph alliance through Getty Illustrations or photos Volkswagen will price tag most popular shares in the planned flotation of Porsche AG at 76.50 euros to 82.50 euros ($76.61 to $82.62) […]
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London’s Heathrow alters 15% of Monday flights for Queen Elizabeth II’s funeral
British Airways Airbus A319 aircraft requires off from Heathrow Airport in London, Britain, May 17, 2021. John Sibley | Reuters London’s Heathrow Airport will modify about 15% of its Monday flights to prevent sound through Queen Elizabeth II’s funeral. “As a mark of respect, operations to and from the airport will be issue to appropriate […]
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Lunar tech company Intuitive Machines to go public via SPAC at near $1 billion valuation
The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a SPAC, in a deal that values the venture at about $1 billion. The merger with special purpose acquisition company Inflection Point is expected […]
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Uber investigates ‘cybersecurity incident’ right after reports of a hack on the enterprise
Uber explained it is “presently responding to a cybersecurity incident” following reports that a hacker compromised its systems. Rafael Henrique | Sopa Photographs | Lightrocket | Getty Photos Uber on Thursday mentioned it is investigating a cybersecurity incident following stories that the ride-hailing company had been hacked. “We are at the moment responding to a […]
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Why Ford is keeping its Mustang gas-powered even with its EV push
Ford Chair Bill Ford and President and CEO Jim Farley converse in front of newly revealed Mustang Dark Horse at The Stampede in downtown Detroit on Sept. 14, 2022. Ford DETROIT – Ford Motor CEO Jim Farley was in his element Wednesday night, surrounded by gearheads and the automaker’s new 2024 Mustang models, including a […]
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