Transportation
Demand for used cars drops from a year ago but high prices aren’t budging
David Paul Morris | Bloomberg | Getty Images Used-car prices appear to be stuck in high gear, despite slowing consumer demand. Last month, sales of used cars less than 10 years old were down 27% compared with March 2021, according to car shopping app CoPilot, which tracks dealership prices nationwide. The average price during that […]
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Biden administration holds EV industry meeting with Musk, Barra
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief […]
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GM expects record year of Chevy Bolt EV sales following fire recall
2022 BOLT EUV Source: Chevrolet DETROIT – General Motors expects sales of its electric Chevrolet Bolt models can rebound from a high-profile recall after several vehicles caught fire to achieve record results in 2022. “We see record numbers of sales and production for ’22, and we see ’23 being bigger than ’22. We are bullish […]
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After his Virgin Galactic spaceflight, Richard Branson now hopes to fly with Elon Musk’s SpaceX
Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters COLORADO SPRINGS, Colorado – Sir Richard Branson, less than a year after […]
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Porsche ups its investment in ‘e-fuels’ for the EV transition with a stake in a manufacturer in Chile
A Porsche 911 Carrera 4S stands in the evening light in a drive-in cinema on the circuit of the Leipzig Porsche factory. Jan Woitas | picture alliance via Getty Images DETROIT — Porsche is upping its investment in the development of climate-neutral “e-fuels” made to replace gasoline in traditional combustion engines. The German automaker, owned […]
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JetBlue is willing to shell out $3.6 billion for discount airline Spirit because it wants to take on bigger carriers
View of JetBlue planes at Terminal 5 of John F. Kennedy International Airport on May 12, 2020 in New York, NY. Pablo Monslave | Getty Images JetBlue on Wednesday said its $3.6 billion all-cash bid for ultra-low cost carrier Spirit Airlines would help it grow across the country and better compete against larger airlines. The […]
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China’s services sector activity squeezed by omicron surge
Customers eating at a restaurant in China on 26 March 2022. Activity in China’s services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand, a private sector survey showed on Wednesday. Zhang Peng | Lightrocket | Getty Images Activity […]
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GM and Honda to partner on ‘affordable’ electric vehicles
General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a […]
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Amazon signs massive rocket deal with 3 firms, including Bezos’ Blue Origin, to launch internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its […]
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EV start-up Polestar signs deal to supply up to 65,000 vehicles to Hertz
Swedish electric vehicle maker Polestar will supply up to 65,000 vehicles to car rental giant Hertz Global over the next five years, the two companies announced Monday morning. Hertz will begin making fully electric Polestar 2s available via its network in Europe this spring, and in North America and Australia before the end of 2022. […]
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