Transportation
Robotaxis haven’t taken over the streets, but that doesn’t mean self-driving cars are all hype
It’s 2022. We were supposed to have robotaxis by now. What happened? Source
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FAA delays environmental review of SpaceX’s Starship launches from Texas for a fourth time
SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC The Federal Aviation Administration for a fourth time delayed its environmental review of SpaceX’s Starship rocket program in Texas, pushing a decision to the end of May. SpaceX needs a license from the FAA to conduct further Starship flight tests and begin operational launches from […]
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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Ford and GM believe they can retain pricing profit engine, but Wall Street is unsure
Automotive executives seem confident strong pricing on new vehicles will continue this year, however Wall Street analysts aren’t so sure. Source
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What Ford, a 9-to-5 workweek pioneer, is learning about the hybrid office
Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally started to welcome its salaried workforce back to its offices earlier this month. It also came alongside a significant shift in workplace policy from […]
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Why diesel prices are driving up the cost of everything
Consumers notice spiking gasoline prices every time they drive to the pump. But energy industry analysts say the current spike in diesel prices is historic — and is pushing up the cost of all kinds of goods. Diesel prices are hovering around all-time highs, forced upward by the same circumstances that have fueled gasoline’s rise. […]
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Southwest Airlines keeps 2022 profit forecast as bookings and fares outpace higher costs
A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines reiterated its forecast for second-quarter and 2022 profits as bookings and fares outpace a jump in labor, fuel and airport costs. The Dallas-based carrier expects second-quarter revenue growth of 8% to 12% […]
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Turkey wants to be neutral in the Ukraine war. But a treaty from 1936 has it on a tightrope
A Russian submarine passes Istanbul as it transits the Bosporus in February 2022. Turkey is the gatekeeper between the Black Sea and the Mediterranean. Ozan Kose | Afp | Getty Images There’s a Turkish saying, “Did your ships sink in the Black Sea?” The expression is asked when a person is lost in thought, trying […]
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Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 580 U.S. salaried employees and agency workers as part of its ongoing Ford+ turnaround plan, the company confirmed Wednesday night. The cuts include approximately […]
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China’s capital city loosens robotaxi restrictions for Baidu, Pony.ai in a big step toward removing human taxi drivers
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city. Vcg | Visual China Group | Getty Images BEIJING — China’s capital city has moved one step closer toward letting […]
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