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Transportation

JetBlue cuts more unprofitable routes, tweaks Europe flights

JetBlue cuts more unprofitable routes, tweaks Europe flights

Business News

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

Business News

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

Business News

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

Business News

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

Business News

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

Business News

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

Business News

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

Business News

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 »

Delta CEO says Trump administration’s approach to regulation could be ‘breath of fresh air’

Delta CEO says Trump administration’s approach to regulation could be ‘breath of fresh air’

Business News

Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Jeenah Moon | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian said the Trump administration’s approach to regulation could be a “breath of fresh air.” Speaking to reporters ahead of Delta’s

Delta CEO says Trump administration’s approach to regulation could be ‘breath of fresh air’ Read More »

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