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Transportation

Lucid reports record quarterly vehicle deliveries, meets production target

Lucid reports record quarterly vehicle deliveries, meets production target

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 Lucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. […]

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A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery

A year after Boeing’s door plug accident, the aircraft giant faces a steep road to recovery

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, on June 25, 2024. Jennifer Buchanan | Via Reuters Boeing is embarking on another rebuilding year. A year ago, the company was thrust back into the spotlight for concerns over safety and quality when a fuselage panel that covered an unused emergency

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JetBlue fined  million by DOT for ‘chronically delayed flights’

JetBlue fined $2 million by DOT for ‘chronically delayed flights’

JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013. Fred Prouser | Reuters The Department of Transportation fined JetBlue Airways $2 million for “chronically delayed flights,” the first penalty of its kind, the DOT said Friday. JetBlue operated four routes that were delayed

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Rivian meets its 2024 vehicle production target after lowering projections

Rivian meets its 2024 vehicle production target after lowering projections

Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California.  Mario Tama | Getty Images Rivian Automotive’s 2024 vehicle production and deliveries were in line with the company’s previously announced expectations. The electric vehicle maker on Friday said it produced 49,476 vehicles last year, including 12,727 trucks

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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’

CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report centers on Carvana’s practice of loan sales as well as the business relationship

Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’ Read More »

Jeju Air plane crash raises questions about concrete wall at the end of the runway

Jeju Air plane crash raises questions about concrete wall at the end of the runway

The wreckage of the Jeju Air aircraft that went off the runway and crashed lies at Muan International Airport, in Muan, South Korea, December 30, 2024.  Kim Hong-ji | Reuters Aviation experts are questioning the role of an airport design that positioned a mound of dirt and a concrete wall past the end of a

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Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection

Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection

The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024. SeongJoon Cho | Bloomberg | Getty Images Boeing shares were down more than 1% in afternoon trading Monday, after South Korea ordered an inspection of all 737-800 planes — the model involved in

Jeju Air crash: Boeing shares fall after South Korea orders 737-800 inspection Read More »

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft

A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport.  Fabrizio Gandolfo | Lightrocket | Getty Images Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all but two of the 181 people on

Boeing 737-800, the model that crashed in South Korea, is one of the world’s most popular aircraft Read More »

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