Transportation
Trump’s transition team aims to kill Biden EV tax credit: Reuters
U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House on Aug. 5, 2021, in Washington, D.C. Biden delivered remarks on the administration’s efforts to strengthen American leadership on clean cars and […]
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VW’s $5.8 billion investment in Rivian isn’t guaranteed. Here are the milestones the EV maker needs to hit
Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced […]
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Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago. Its net loss also increased year-over-year, to $51.9 million […]
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Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in […]
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FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US. Eva Marie Uzcategui | Bloomberg | Getty Images The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day […]
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This climate startup is challenging Tesla in the race to electrify big rigs
On the road to electrifying vehicles, cars and small trucks are getting there. Big rigs, however, pose bigger hurdles. The trouble with electrifying tractor-trailer trucks is that the tractor component needs more power than the current charging infrastructure can handle and the necessary charging time is long. Major truck manufacturers like Volvo, Freightliner and Tesla […]
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Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories […]
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GM’s newest EV is a Cadillac ‘baby Escalade’ called Vistiq
2026 Cadillac Vistiq EV GM DETROIT — General Motors‘ newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a “baby Escalade.” The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand’s portfolio when it goes into production and arrives in dealer […]
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GM’s Wall Street vindication is happening as it outperforms its peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall […]
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Toyota says California-led EV mandates are ‘impossible’ as states fall short of goal
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, […]
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