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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

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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 »

Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’

Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’

Business News

A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a “resilient economy” for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years. Delta forecast revenue growth in

Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’ Read More »

SpaceX completes sixth Starship flight, splashes down both booster and spacecraft

SpaceX completes sixth Starship flight, splashes down both booster and spacecraft

Business News

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. The rocket took off from SpaceX’s private “Starbase” facility near Brownsville, Texas. There were not any people on board the Starship flight. Starship reached space and traveled halfway around the

SpaceX completes sixth Starship flight, splashes down both booster and spacecraft Read More »

What travelers need to know about Spirit Airlines’ bankruptcy

What travelers need to know about Spirit Airlines’ bankruptcy

Business News

A passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago. The budget

What travelers need to know about Spirit Airlines’ bankruptcy Read More »

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