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Trump’s tariffs could quickly cut North American auto production by a third

Trump’s tariffs could quickly cut North American auto production by a third

Nissan’s Smyrna Vehicle Assembly Plant opened in 1983, marking Tennessee’s first major auto facility. The plant employs more than 7,000 people are produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — Roughly a third of vehicle production in North America could be cut by next week […]

Trump’s tariffs could quickly cut North American auto production by a third Read More »

Aviation industry pushes Congress for air traffic improvements, more hiring

Aviation industry pushes Congress for air traffic improvements, more hiring

File photo shows the air traffic control tower at Chicago’s Midway International Airport. M. Spencer Green | AP Aviation industry members on Tuesday again urged lawmakers for newer air traffic control technology and more hiring of air traffic controllers as airlines continue to complain about longtime shortfalls, while air travel demand has boomed. Their testimony

Aviation industry pushes Congress for air traffic improvements, more hiring Read More »

First-class seats are getting so fancy they’re holding up new airplanes

First-class seats are getting so fancy they’re holding up new airplanes

A Lufthansa First Class “Allegris” cabin, which was set up outside the show.  Peter Kneffel | Picture Alliance | Getty Images Heated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy door. Ever-more luxurious first- and business-class cabins that have hundreds of parts and require regulator approval

First-class seats are getting so fancy they’re holding up new airplanes Read More »

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’

An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images Elon Musk said Thursday that he’s sending his Starlink satellite internet terminals to the Federal Aviation Administration while saying, without providing evidence,

Elon Musk says he’s sending Starlink tech to FAA while saying, without evidence, that air safety is ‘at risk’ Read More »

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Shares of electric vehicle maker Lucid Group were down more

After abrupt departure of Lucid CEO, here are the EV maker’s top priorities Read More »

GM raises quarterly dividend, initiates  billion stock buyback

GM raises quarterly dividend, initiates $6 billion stock buyback

DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor.

GM raises quarterly dividend, initiates $6 billion stock buyback Read More »

Lucid CEO steps down; EV maker plans to more than double production in 2025

Lucid CEO steps down; EV maker plans to more than double production in 2025

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 Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.

Lucid CEO steps down; EV maker plans to more than double production in 2025 Read More »

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