Transportation
Satellite-imagery firms Maxar, Planet and BlackSky awarded billions of dollars in government contracts
Maxar collected new satellite imagery of the southern Ukrainian port city of Berdyansk that reveals a Russian Alligator-class landing ship that is burned and partially submerged near one of the ports loading/unloading quays. Maxar Technologies | Getty Images The National Reconnaissance Office on Wednesday announced contracts worth billions of dollars over the next decade to […]
Read More
Electric vehicles are in short supply. Here’s what you can find as gas prices soar
Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric vehicle […]
Read More
Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the batteries and raw materials needed to make electric vehicles in the coming years, as the global automotive industry pivots to EVs to meet […]
Read More
Saudi fund in early talks to potentially buy Carnival’s ultra-luxury Seabourn brand
An aerial view of Seabourn Encore cruise ship docked at Bodrum Cruise Port on April 27, 2022, in Mugla, Turkey. Ali Balli | Anadolu Agency | Getty Images Carnival is in preliminary discussions to sell its Seabourn ultra-luxury cruise brand to the Saudi sovereign wealth fund, people familiar with the situation told CNBC. Talks between […]
Read More
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis logo displayed on a phone screen is seen with some of the company brands logos displayed in the background in this illustration photo taken in Krakow, Poland on December 7, 2021. Jakub Porzycki | NurPhoto | Getty Images Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build […]
Read More
In a faceoff with Elon Musk, the SEC blinked
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla […]
Read More
Here’s why major cities may still be worth their high cost of living
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent […]
Read More
Uber to expand in Italy through deal with the country’s largest taxi dispatcher
For years, Uber has faced opposition from taxi drivers in Italy. Now, the company is signing a partnership with the country’s largest taxi dispatch service. Alvaro Padilla | Anadolu Agency | Getty Images Uber has signed a partnership with IT Taxi, the largest taxi dispatch service in Italy, in a tie-up aimed at boosting the […]
Read More
Toyota to cut global production plan by 100,000 in June
Toyota cars are displayed on the sales lot at Toyota of Marin on May 11, 2022 in San Rafael, California. The company will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. Justin Sullivan | Getty Images News | Getty Images […]
Read More
SpaceX president defends Elon Musk over sexual misconduct claims: ‘I believe the allegations to be false’
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to […]
Read More