Transportation
L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025. Patrick T. Fallon | AFP | Getty Images The […]
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Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC DETROIT — Automakers such as Ford Motor, Hyundai Motor and Kia on Thursday reported significant year-over-year U.S. sales increases in April, as consumers rushed to purchase new vehicles ahead of potential price increases due to […]
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GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
DETROIT – General Motors on Thursday lowered its 2025 financial guidance to include an expected $4 billion to $5 billion impact as a result of President Donald Trump’s auto tariffs. The Detroit automaker said its new guidance includes adjusted earnings before interest and taxes of between $10 billion and $12.5 billion. That compares with its […]
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Ford kills project to develop Tesla-like electronic brain
Ford Motor has killed a program to develop next-generation electrical architecture – the brain of modern cars – that its executives have called pivotal to competing with electric-vehicle pioneers such as Tesla, three sources familiar with the matter told Reuters. Ford had invested heavily in the system, known internally as FNV4 (for fully-networked vehicle), to streamline vehicle-software functions. […]
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Norwegian Cruise Line shares fall on potential softness
The Norwegian Pearl cruise ship anchored off shore on January 07, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images The cruise industry is on the lookout for rough seas ahead when it comes to consumer confidence and travel budgets. For instance, Norwegian Cruise Line Holdings reports some “choppiness” in cruises booked to Europe […]
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Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed
Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025. Michael Wayland | CNBC LOUISVILLE, Kentucky – President Donald Trump’s reprieve for automotive parts tariffs is helpful, but more changes are still needed to assist automakers and grow the U.S. auto industry, Ford […]
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JetBlue to partner with another U.S. airline in the coming weeks, president says
JetBlue Airways ranked no. 1 in customer satisfaction for best in first and business class. Aaronp/bauer-griffin | Gc Images | Getty Images JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines. JetBlue’s leaders have […]
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White House confirms ‘stacked’ tariff reprieve for auto industry
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC The White House on Tuesday confirmed plans for the Trump administration to soften the impact of automotive tariffs, as the […]
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United Airlines grows highest-end Polaris airport lounge by 50% in battle for wealthy customers
United Airlines Polaris lounge in Chicago United Airlines United Airlines‘ top-tier airport lounge reopened in Chicago on Tuesday, featuring a 50% larger space and Crate & Barrel furnishings as carriers’ battle for higher-spending customers becomes more crucial. The 25,000-square-foot-Polaris lounge is in Terminal 1 at United’s home hub, Chicago O’Hare International Airport. It has seating […]
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General Motors is set to report earnings before the bell. Here’s what Wall Street expects
GMC trucks are displayed at Hanlees Hilltop GMC in Richmond, California, on Jan. 28, 2025. Justin Sullivan | Getty Images DETROIT — General Motors is set to report its first-quarter earnings before the bell Tuesday, but investors are more likely to focus on the automaker’s 2025 guidance than on quarterly results amid President Donald Trump’s […]
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