Transportation
Rivian stock jumps as EV automaker maintains its 2022 production goals
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it still expects to build just 25,000 vehicles this year, as it reported a first-quarter loss that was slightly narrower […]
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Meet GM’s most expensive and powerful Cadillac Escalade yet, starting at $150,000
2023 Cadillac Escalade V-Series Cadillac DETROIT – General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV ever when it goes on sale this summer, starting at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that delivers 682 […]
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Southwest is upgrading its planes with faster Wi-Fi, bigger overhead bins and new drinks to woo travelers
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines said it will spend more than $2 billion on improved passenger amenities like bigger overhead bins, faster internet and power outlets “in every seat,” in an effort to woo travelers as bookings rebound. The airline also plans to double the number of movies it offers travelers […]
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How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups
SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, […]
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Toyota warns ‘unprecedented’ raw materials costs could cut profits by 20%
Toyota 2023 Sequoia on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unprecedented” increases in materials and logistics costs could cut the company’s full-year profit by as much as 20%. The Japanese automaker said it expects materials costs to more than double […]
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Traveler satisfaction is down as planes fill up and airfare rises, survey finds
Travelers wait in line at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images Packed planes and more expensive tickets drove down customer satisfaction with airlines for the first time in a decade over the past year, according to a J.D. Power survey […]
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Tesla production lags in Shanghai due to parts shortages, Covid restrictions
Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images Tesla reduced vehicle production […]
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Citadel founder Ken Griffin wins Blue Origin spaceflight auction, donating two seats to NYC teachers
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in an auction Monday for a seat on a spaceflight with Jeff Bezos’ Blue Origin. Bezos’ company donated two seats on its […]
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Boeing aircraft orders, deliveries slipped in April
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing’s aircraft deliveries fell last month as handovers of its 787 Dreamliner planes remain paused after a series of manufacturing flaws. The company delivered 35 jets in April, down from 41 in March, bringing its total so […]
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‘We’re doing a job. We’re connecting people’: Emirates CEO defends continued flights to Russia
Emirates Airline has defended its decision to continue its flights to Russia even as other international carriers have halted service, saying that people and government decisions should not be conflated. Speaking to CNBC Tuesday, the chairman and CEO of the Dubai state airline said that it had not received any instruction from the government to […]
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