Xpeng plans to hire 4,000 people, invest in AI

Xpeng plans to hire 4,000 people, invest in AI

The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023. VCG | Visual China Group | Getty Images Xpeng plans to hire 4,000 new people and invest in artificial intelligence technology, according to the company’s CEO, who warned … Read more

What the U.S. can learn from Norway when it comes to EV adoption

What the U.S. can learn from Norway when it comes to EV adoption

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto … Read more

Carl Icahn wins seats on JetBlue board after taking stake in airline

Carl Icahn wins seats on JetBlue board after taking stake in airline

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Carl Icahn won his push for seats on JetBlue Airways’ board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake … Read more

Foremost Group CEO Angela Chao died after car went into Texas pond

Foremost Group CEO Angela Chao died after car went into Texas pond

Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Patrick McMullan | Getty Images Angela Chao, CEO of Foremost Group and the sister-in-law of Senate Minority Leader Mitch McConnell, died after her car went into a pond on a private ranch … Read more

UAW threatens to strike Ford Kentucky Truck Plant over local demands

UAW threatens to strike Ford Kentucky Truck Plant over local demands

United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT – The United Auto Workers is threatening a labor strike at Ford Motor’s largest U.S. plant if local union demands aren’t resolved by next week. The Detroit union on Friday … Read more

Intuitive Machines (LUNR) stock jumps after moon mission update

Intuitive Machines (LUNR) stock jumps after moon mission update

Intuitive Machines’ Nova-C lander “Odysseus” deploys from the upper stage of SpaceX’s Falcon 9 rocket to begin the IM-1 mission. NASA TV Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission “is in excellent health.” The Texas-based lunar company launched its inaugural … Read more

Forget Tesla, ‘Pro’ unit is auto industry’s future

Forget Tesla, ‘Pro’ unit is auto industry’s future

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT – Ford Motor CEO Jim Farley on Thursday urged … Read more

Intuitive Machines (LUNR) stock pops as first moon mission begins

Intuitive Machines (LUNR) stock pops as first moon mission begins

A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Shares of Intuitive Machines spiked in early trading on Thursday, as the space company … Read more

Intuitive Machines first moon mission begins after SpaceX launch

Intuitive Machines first moon mission begins after SpaceX launch

A SpaceX Falcon 9 rocket carrying the Nova-C lander for the IM-1 mission launches from pad 39A at the Kennedy Space Center at 1:05 a.m. EDT on February 15, 2024 in Cape Canaveral, Florida. Paul Hennessy | Anadolu | Getty Images Texas-based Intuitive Machines’ inaugural moon mission began early Thursday morning, heading toward what could … Read more

Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite

Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite

(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at … Read more