Transportation
Rivian plans to lay off more than 600 workers
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street […]
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American Airlines hires industry veteran to lead commercial team as profits trail rivals
An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu […]
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Here’s where the economy is starting to show ‘K-shaped’ bifurcation
Jasondoiy | E+ | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report could shed more light on the […]
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American Airlines profit forecast for the rest of the year tops estimates
An American Airlines Airbus A321 airplane departs Los Angeles International Airport en route to Orlando on March 30, 2025. Kevin Carter | Getty Images News | Getty Images American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending […]
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Sweden’s Volvo Cars shares jump 40% after profit beat, on track for best day ever
Mikael Sjoberg | Bloomberg | Getty Images Sweden’s Volvo Cars on Thursday posted stronger-than-expected third-quarter profit, prompting shares to rally by around 40% and putting the stock on track for its best-ever trading day. Volvo Cars, which is owned by China’s Geely Holding, posted operating income for the July-September period of 6.4 billion Swedish kronor […]
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‘Europe’s Detroit’ is losing its shine as an automotive powerhouse
A Kia Sportage automobile in the quality control inspection area at the Kia Slovakia sro plant in Zilina, Slovakia, on Friday, Oct. 27, 2023. Bloomberg | Bloomberg | Getty Images Slovakia, a small landlocked country in the heart of Europe, faces a perfect storm as it seeks to protect its enviable automotive reputation. From the […]
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Southwest beats earnings estimates, forecasts strong demand for rest of the year
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines on Wednesday posted a surprise profit for the third quarter and forecast better travel demand and higher fares for the fourth quarter. […]
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GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google […]
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Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly […]
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Musk blasts Duffy after Artemis contract spat: He ‘is trying to kill NASA!’
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters SpaceX and Tesla CEO Elon Musk criticized acting NASA Administrator Sean Duffy after he told media outlets this week that the billionaire’s space company is falling […]
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