Airline pilots walk through Ronald Reagan National Airport in Washington on December 27, 2021 in Arlington, Virginia. Anna Moneimaker | Getty Images The United States is facing its biggest shortage of pilots in recent times, forcing airlines to suspend flights just as passengers return after more than two years of the Covid-19 pandemic. The crisis … Read more
Rivian (RIVN) – Get Report Rivian Automotive, Inc. class A he was scared, but the electric vehicle manufacturer made up for it. The young manufacturer of electric SUVs and pickups has just cleared up some of the many doubts that hang over its short-term future. The company, based in Irvine, California, has confirmed its goal … Read more
Production of Rivian R1T electric pickups on April 11, 2022 at the company’s factory in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it is still on track to produce 25,000 vehicles this year as it reported a jump in bookings and a loss … Read more
2023 Cadillac Escalade V-Series Cadillac DETROIT – General Motors ’latest Cadillac Escalade will be the most powerful and expensive full-size SUV ever to go on sale this summer, starting at around $ 150,000. The Detroit-based carmaker on Wednesday unveiled the 2023 Cadillac Escalade-V with a 6.2-liter V-8 engine delivering 682 horsepower and 653 pounds of … Read more
SAN ANTONIO – The new Ford Motor F-150 Lightning is an electric pickup truck. This may seem obvious considering it looks like a truck and has electric motors and a battery instead of a motor, but that needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, … Read more
Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard Rocket Landing (R) Reuters Ken Griffin, billionaire founder and CEO of the hedge fund Citadel, made a winning bid of $ 8 million at an auction on Monday for a place in space flight with Jeff Bezos’ Blue Origin. Bezos’ company donated two … Read more
Uber will reduce consumption and focus on becoming a more economical business to address the “seismic shift” in investor sentiment, CEO Dara Khosrovshahi told employees in an email to CNBC. “After earning money, I spent a few days meeting with investors in New York and Boston,” Khosrovshahi said in an email sent late Sunday. “It … Read more
Ford F-150 Lightning pickup trucks sit on a production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano Getty Images DETROIT – Ford Motor reported a 10.5 percent drop in sales in April on Wednesday from a year ago, significantly reducing its losses compared to previous months. … Read more
A passenger arriving at Los Angeles International Airport asks for land transport throughout the day of the action across the country to demand that Uber and Lift transport companies comply with California law and give drivers “basic employee rights” in Los Angeles, California, USA, 20. August, 2020 Mike Blake Reuters Lift shares lost more than … Read more
Kantas Airways Boeing 737-800 planes were parked on the runway at Sydney International Airport on July 22, 2020. David Gray Getty Images News Getty Images Quantas Airways announced on Monday that it had ordered 12 A350-1000 planes from Airbus, which will be used on the longest commercial flight in the world from Sydney to London, … Read more
