Transportation
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling profits
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT – Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board […]
Read More
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
Stellantis CEO Carlos Tavares (C) answers journalists’ questions after attending a visit of the production line of the new Peugeot e-3008 and e-5008 electric car at the Stellantis car factory in Sochaux, eastern France on October 3, 2024. Frederick Florin | AFP | Getty Images Stellantis CEO Carlos Tavares is stepping down after nearly four […]
Read More
EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams ‘unfair’ penalty over practice
EasyJet on Wednesday said it made £3.59 billion ($4.5 billion) from charging passengers for flight and holiday add-ons such as extra baggage in the full year to October, as the budget airline’s CEO criticized a recent Spanish fine over the practice. The easyJet group, which includes an airline and a package holiday provider, said ancillary […]
Read More
Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. Jorge Duenes | REUTERS DETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% […]
Read More
Senate report slams airlines for raking in billions in seat fees
A Delta Air Lines cabin. Leslie Josephs/CNBC A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights. Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including for seats with extra legroom as well as those in “preferred” locations […]
Read More
Virgin Atlantic CEO says UK budget is ‘tax on growth’ with air duties set to rise
Shai Weiss, chief executive officer of Virgin Atlantic Airways Ltd., on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images LONDON – Virgin Atlantic CEO Shai Weiss on Monday said the U.K. Labour government’s landmark October budget presented a “tax on growth” due […]
Read More
The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, […]
Read More
Spain slaps $187 million fine on Ryanair, EasyJet and others for ‘abusive’ cabin luggage fees
A Ryanair plane takes off from Eindhoven Airport in the Netherlands on December 19, 2020. Nicolas Economou | NurPhoto | Getty Images Spain’s Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for “abusive practices” including charging additional cabin luggage fees. Ryanair was struck with the […]
Read More
Hyundai reveals all-electric Ioniq 9 three-row SUV
2026 Hyundai Ioniq 9 EV. Hyundaio Hyundai Motor’s newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market. The new vehicle is Hyundai’s largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric vehicles in the carmaker’s growing fleet. The Ioniq […]
Read More
American Airlines to shame boarding line cutters with new technology
Haiyun Jiang | Bloomberg | Getty Images Watch out, line cutters. American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called. Customers who try to scan a boarding pass before their group is called will hear a two-note […]
Read More