General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing … Read more
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Boeing‘s latest Max crisis is forcing some of its biggest customers to rethink their growth plans this year — and possibly beyond, several airline CEOs said Tuesday. Their … Read more
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Thursday, Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images First class on Frontier? Not quite. But the budget airline on Tuesday launched a new add-on to get more room at the front of its tightly-packed planes … Read more
A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Peter Cziborra | Reuters Boeing handed over 27 airplanes to its customers last month as it continues to struggle with quality-control problems and production delays that have frustrated the CEOs of some of its biggest airline … Read more
An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. Daniel Slim | Afp | Getty Images U.S. air safety regulators found “dozens of problems” at facilities owned by Boeing and one of its key suppliers after a six-week audit of the production … Read more
Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington. David Ryder | Getty Images Southwest Airlines said Tuesday that it will have to trim its capacity plans and reevaluate its financial forecasts for the year because of aircraft delivery delays from Boeing, its sole supplier of … Read more
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury … Read more
The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200 … Read more
Satellite manufacturer Terran Orbital is “looking at everything” regarding the company’s future, CEO Marc Bell told CNBC, as it considers Lockheed Martin’s acquisition offer. “We found out about [Lockheed’s takeover bid] when the rest of the world found out about it,” Bell said on CNBC’s “Manifest Space” podcast. Lockheed’s proposal submitted last week values Terran … Read more
Chevrolet All-Electric Blazer EV Scott Mlyn | CNBC DETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues. GM halted sales of the EV in late December following reports by customers and media of problems … Read more
