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Waymo to expand to Miami, aims to launch robotaxi service there in 2026

Waymo to expand to Miami, aims to launch robotaxi service there in 2026

A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California.  Mario Tama | Getty Images Waymo is setting its sights on its next location: the Sunshine State. The Alphabet-owned company announced Thursday that it will be hitting the roads in Miami. Waymo said it will first begin […]

Waymo to expand to Miami, aims to launch robotaxi service there in 2026 Read More »

American Airlines chooses Citi as sole credit card partner, drops Barclays

American Airlines chooses Citi as sole credit card partner, drops Barclays

American Airlines planes sit parked at LaGuardia airport on traditionally the busiest travel day, the day before the U.S. holiday of Thanksgiving, in the Queens borough of New York City, U.S., November 27, 2024.  Shannon Stapleton | Reuters American Airlines has inked a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Wednesday that

American Airlines chooses Citi as sole credit card partner, drops Barclays Read More »

JetBlue cuts more unprofitable routes, tweaks Europe flights

JetBlue cuts more unprofitable routes, tweaks Europe flights

Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands.  Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying

JetBlue cuts more unprofitable routes, tweaks Europe flights Read More »

GM expects more than  billion impact from China restructuring, including plant closures

GM expects more than $5 billion impact from China restructuring, including plant closures

Employees work on Buick Envision SUVs at General Motors’ Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China. Tang Ke | Visual China Group | Getty Images DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC

GM expects more than $5 billion impact from China restructuring, including plant closures Read More »

Airline executives set to defend seat fees before Senate panel

Airline executives set to defend seat fees before Senate panel

Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft. Brent Lewin | Bloomberg | Getty Images U.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging “junk” fees to bring in billions in revenue. American, Delta, United, Spirit and Frontier brought in

Airline executives set to defend seat fees before Senate panel Read More »

GM to sell stake in battery cell plant to joint venture partner for roughly  billion

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner

GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion Read More »

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board

Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales Read More »

Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada

Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada

A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. Jorge Duenes | REUTERS DETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25%

Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada Read More »

Senate report slams airlines for raking in billions in seat fees

Senate report slams airlines for raking in billions in seat fees

A Delta Air Lines cabin. Leslie Josephs/CNBC A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights. Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including for seats with extra legroom as well as those in “preferred” locations

Senate report slams airlines for raking in billions in seat fees Read More »

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving

Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now,

The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving Read More »

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