Transportation
The space industry is on its way to reach $1 trillion in revenue by 2040, Citi says
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month. A further decline in the cost of accessing space would create more opportunities […]
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Hyundai to invest $5.5 billion to build EVs and batteries in Georgia
The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the […]
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Renault reveals electric-hydrogen hybrid concept car, says it will have range of up to 497 miles
Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images Renault has released details of an electric-hydrogen hybrid concept car, with the French automaker describing hydrogen technology […]
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Boeing is trying again to launch its Starliner capsule to the space station — here’s what’s at stake
A United Launch Alliance Atlas V rocket with Boeing’s Starliner spacecraft aboard is seen as it is rolled out to the launchpad for the OFT-2 mission scheduled to lift off on May 19, 2022. Joel Kowsky | NASA Boeing is set to make another attempt to reach the International Space Station with its Starliner capsule […]
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British Airways owner IAG to order 50 Boeing 737 MAX jets
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters British Airways owner IAG said on Thursday it has agreed to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling U.S. […]
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Spirit Airlines urges shareholders to reject JetBlue’s tender offer
A Spirit Airlines airplane taxis for takeoff at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022. Michael Ciaglo | Bloomberg | Getty Images Spirit Airlines’ board on Thursday urged its shareholders to reject JetBlue Airways’ hostile takeover attempt, citing regulatory hurdles and accusing the airline of trying to derail its planned […]
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Ford recalls SUVs due to engine fire risk, says they should be parked outdoors
The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson | Getty Images Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked outdoors because […]
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EV maker Lucid to accelerate plans with its Saudi Arabia factory, its first outside the U.S.
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company has announced. The manufacturing facility will be able to produce 155,000 […]
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Singapore Airlines has a ‘first mover advantage’ thanks to the country’s reopening: Industry expert
Greg Waldron, Asia managing editor of FlightGlobal, discusses the airline’s “dramatic” improvement in earnings. Source
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Elon Musk says he’ll vote Republican, bashes Democrats
Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice this week that he […]
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