Transportation
Uber’s money-losing ride may be nearing an end, but the road to a long-term win remains uncertain
Uber posted a $5.9 billion loss in the first quarter of 2022. Philip Pacheco | AFP via Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. The creation of Uber in the wake of the 2008 financial crisis can be compared to an earlier […]
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U.S. safety regulators to probe crash involving self-driving car from GM-backed Cruise
A robot car of the General Motors subsidiary Cruise is on a test drive in 2019. Andrej Sokolow | picture alliance | Getty Images Federal vehicle safety regulators will investigate a crash last month in which a vehicle struck a self-driving car from General Motors-backed Cruise. The incident resulted in minor injuries. The National Highway […]
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Amazon’s bid to put cargo hub at Newark airport is halted
Amazon workers, environmental advocates, labor groups, and small business owners participate in a rally and news conference to protest plans for a new Amazon air cargo mega-hub at the Newark International Airport on October 6, 2021 in Newark, New Jersey. Spencer Platt | Getty Images Amazon’s plans to put a regional cargo hub at Newark […]
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Volkswagen CEO confident about ramping up EV production
Herbert Diess, CEO of Volkswagen, discusses the automaker’s electrification strategy. Source
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American Airlines pilots get triple pay for trips dropped in scheduling glitch
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines pilots and its pilots’ union agreed to triple pay for aviators who were able to drop thousands of July flights because of a scheduling program glitch over […]
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British Airways to cut more flights during summer holiday months
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou | NurPhoto | Getty Images British Airways will cut more flights during the crucial summer holiday […]
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Virgin Galactic announces deal with Boeing subsidiary to build additional aircraft ‘motherships’
A conceptual rendering of the company’s carrier aircraft, also known as a “mothership.” Virgin Galactic Space tourism company Virgin Galactic on Wednesday announced a deal with Boeing subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve […]
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GM reports worst sales in China since onset of Covid-19 lockdowns
WUHAN, CHINA – 2022/05/18: Employees wearing masks work on a car assembly line at the SAIC General Motors Co. The SAIC General Motors Wuhan Branch has resumed production following epidemic prevention and control rules. (Photo by Ren Yong/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images DETROIT – General Motors on Wednesday […]
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Biden taps Denver airport chief Phil Washington to head the FAA
An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images President Joe Biden on Wednesday nominated Phil Washington, the head of Denver International Airport, to lead the Federal Aviation Administration. Washington’s nomination to run the agency, which has roughly 45,000 employees, comes after […]
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Toyota hits sales milestone for electric vehicles, joins Tesla and GM in losing tax incentives for buyers
A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phase out of U.S. tax credits of up to $7,500 for people who buy the cars. The Japanese automaker joins Tesla […]
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