Transportation
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia Airport in New York City, Nov. 27, 2024. Shannon Stapleton | Reuters American Airlines has completed a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Thursday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. In the […]
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Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
The battery of an electric car is recharged at a roadside charging station on January 09, 2024 in London, England. Leon Neal | Getty Images News | Getty Images Britain is forecast to hit “peak petrol” in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share […]
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JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying […]
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Trump nominates Jared Isaacman, private astronaut and Shift4 CEO, for NASA chief
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | Afp | Getty Images President-elect Donald Trump on Wednesday […]
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GM expects more than $5 billion impact from China restructuring, including plant closures
Employees work on Buick Envision SUVs at General Motors’ Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China. Tang Ke | Visual China Group | Getty Images DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC […]
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Airline executives set to defend seat fees before Senate panel
Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft. Brent Lewin | Bloomberg | Getty Images U.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging “junk” fees to bring in billions in revenue. American, Delta, United, Spirit and Frontier brought in […]
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Frontier Airlines will install first-class seats as industry battles for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023. Daniel Slim | Afp | Getty Images Frontier Airlines, one of the world’s biggest budget airlines, is adding first-class seats. Its change in strategy comes as as the industry is battling for customers who are willing […]
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Jaguar reveals ‘Type 00’ concept car, first under controversial new brand identity
Image of Jaguar Type 00 concept vehicle Jaguar Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called “Type 00.” The vehicle, pronounced “Type Zero Zero,” features a minimalistic yet somewhat gaudy design. It is boxy with sleek lights and large wheels, a notably […]
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GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner […]
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U.S. proposes a $7.54 billion loan to Stellantis and Samsung SDI battery joint venture
The US Department of Energy building is seen in Washington, DC, on July 22, 2019. ALASTAIR PIKE | AFP | Getty Images The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants […]
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