Transportation
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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Tesla should have a strong second half of 2022, says Deutsche Bank’s Emmanuel Rosner
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Emmanuel Rosner, Deutsche Bank lead auto technology analyst, joins ‘Closing Bell: Overtime’ to discuss his bullish case for Tesla. 02:47 an hour ago Source
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Why driving big rig trucks is a job fewer Americans dream about doing
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images In April, Walmart made headlines by announcing that it will pay its private fleet truck drivers as much as $110,000 in their first year with the big-box retailer, up from an average starting salary of $87,000. Yellow Corp., […]
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JPMorgan trims price target for Tesla, says shares could fall more than 40% on weaker deliveries
Shares of Tesla could still fall more than 40% from here as the electric vehicle maker faces challenges ramping up deliveries, according to JPMorgan. Analyst Ryan Brinkman reiterated an underweight rating and trimmed the price target for Tesla, saying in a Tuesday note that the firm lowered its second-quarter and full-year earnings estimates after the […]
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Ford reports slight uptick in sales that misses analysts’ expectations
Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in second-quarter new vehicle sales that missed the expectations of automotive analysts. Ford said second-quarter sales rose 1.8% compared to a year earlier, including a 31.5% increase in June. Analysts expected the Detroit automaker’s sales to increase […]
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Airbus reportedly cancels deal with Qatar Airways for fourth A350
An Airbus A350 for Qatar Airlines aircraft at Fiumicino International Airport, Rome, May 13th, 2021. Massimo Insabato | Mondadori Portfolio | Getty Images Europe’s Airbus has revoked a contract for a fourth A350 ordered by Qatar Airways in an ongoing dispute over damage to the painted surface of the long-haul jets, three people familiar with […]
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