Transportation
Lucid reports record quarterly vehicle deliveries, meets production target
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. […]
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What went wrong for Spirit Airlines?
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn’t had a profitable year since 2019, and it’s lost more than $2 billion since 2020. How did it get here? The Covid-19 pandemic was devastating to all airlines, but that was just the start of Spirit’s financial […]
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A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery
Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Via Reuters Boeing is embarking on another rebuilding year. A year ago, the company was thrust back into the spotlight for concerns over safety and quality when a fuselage panel that covered an unused emergency […]
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GM, Ford report best annual U.S. sales since 2019
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. Robyn Beck | Afp | Getty Images DETROIT – Both General Motors and Ford Motor on Friday reported their best annual U.S. new vehicle sales since 2019, prior to impacts […]
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IT disruption causes delays at German airports, police say
Passengers stand in front of the display board in Terminal 1 at Frankfurt Airport. Picture Alliance | Picture Alliance | Getty Images German federal police are experiencing a countrywide IT systems outage at airports, a spokesperson said on Friday, forcing officers to manually process passengers arriving from outside Europe’s free-travel Schengen area. “There is currently a […]
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JetBlue fined $2 million by DOT for ‘chronically delayed flights’
JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013. Fred Prouser | Reuters The Department of Transportation fined JetBlue Airways $2 million for “chronically delayed flights,” the first penalty of its kind, the DOT said Friday. JetBlue operated four routes that were delayed […]
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Rivian meets its 2024 vehicle production target after lowering projections
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks […]
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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report centers on Carvana’s practice of loan sales as well as the business relationship […]
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South Korea police search Jeju Air, airport operator over fatal plane crash
Jeju Air aircraft flight 7C2216 goes down the runway before crashing at Muan International Airport, in Muan, South Korea December 29, 2024 in this screengrab obtained from video. Lee Geun-young | Lee Geun-young Via Reuters South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part […]
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These airlines were the most on-time in 2024
Travelers view the arrival and departure boards at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images Air travel demand continued to surge in 2024, led by a bounce back in international trips. From January through October alone, revenue-passenger miles worldwide, a […]
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