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Autonomous EV trucking company Einride going public in SPAC deal valuing it at .8 billion

Autonomous EV trucking company Einride going public in SPAC deal valuing it at $1.8 billion

The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach. Einride Autonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check […]

Autonomous EV trucking company Einride going public in SPAC deal valuing it at $1.8 billion Read More »

Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand

Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand

DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of the most highly in-demand

Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand Read More »

Private-jet demand is on the rise amid government shutdown, says  Flexjet CEO

Private-jet demand is on the rise amid government shutdown, says Flexjet CEO

A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Demand for flights on private jets has been on the rise during the U.S. government shutdown as commercial air travel headaches have worsened, the CEO

Private-jet demand is on the rise amid government shutdown, says Flexjet CEO Read More »

Flight disruptions from shutdown worsen; Delta, United offer extra pay to crew flights

Flight disruptions from shutdown worsen; Delta, United offer extra pay to crew flights

Flight timings and cancellations are displayed on the departures board, a month into the ongoing U.S. government shutdown, at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., November 9, 2025. Annabelle Gordon | Reuters Flight cancellations were again worsening on Monday as air traffic controller shortages worsened by the longest-ever U.S. government shutdown snarled

Flight disruptions from shutdown worsen; Delta, United offer extra pay to crew flights Read More »

Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport

Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport

Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne

Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport Read More »

Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin

Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin

Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty Images U.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown. The cuts were ordered as air

Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin Read More »

Here’s what travelers need to know as the FAA announces flight reductions at 40 airports

Here’s what travelers need to know as the FAA announces flight reductions at 40 airports

A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Airlines rushed to provide travelers updates after the Federal Aviation Administration said Wednesday that it would reduce flights across 40

Here’s what travelers need to know as the FAA announces flight reductions at 40 airports Read More »

CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook

CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook

A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 12% during morning trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down.

CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook Read More »

Lucid misses Wall Street expectations, narrows production guidance

Lucid misses Wall Street expectations, narrows production guidance

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship

Lucid misses Wall Street expectations, narrows production guidance Read More »

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