Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor, a renowned automotive company, pleasantly surprised Wall Street with its second-quarter earnings and raised its 2023 guidance. Despite the slower than expected adoption of electric vehicles (EVs), Ford’s traditional vehicles continue to generate strong pricing …
An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, January 10, 2020. Lindsey Wasson | Reuters Boeing results exceeded analyst expectations on Wednesday, driven by increased commercial aircraft deliveries as the company ramps up production. However, losses in its defense and space divisions led to …
A recent study conducted by McKinsey & Co has revealed that as artificial intelligence becomes more prevalent, women will face greater concerns regarding job automation compared to men. The research, conducted by McKinsey Global Institute, analyzed labor-market trends in the United States up until 2030 and found that women are 1.5 times more likely than …
A Pratt & Whitney PW1000G turbofan engine sits on the wing of an Airbus A320neo aircraft during a delivery ceremony outside the Airbus Group SE factory in Hamburg, Germany, on Friday, Feb. 12, 2016. Bloomberg | Krisztian Bocsi Shares of RTX dropped by 10% on Tuesday following the announcement by the aerospace giant that it …
The Arcturus satellite is seen en route to geosynchronous orbit. Astranis Satellite internet service provider Astranis announced on Friday that its first commercial satellite, designed to provide coverage to Alaska, is experiencing malfunctions. However, the company has a backup satellite planned for launch in the spring. This setback poses an early challenge to Astranis’ unique …
An American Airlines plane takes off from Miami International Airport on May 2, 2023, in Miami, Florida. Joe Raedle | Getty Images American Airlines has increased its offer for a new pilot contract by over $1 billion to match the preliminary agreement reached last week between rival United Airlines and their pilots. The updated offer …
A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA’s Kennedy Space Center in Florida. SpaceX The U.S. military is elevating the stakes and expanding the competition for Space Force mission contracts. The Space Force intends to increase the number of rocket launches purchased from companies in the coming years, providing …
Chevrolet Bolt at EPA’s National Fuel and Emissions Lab Electric vehicle range is a highly anticipated metric in the automotive industry, determining the distance an EV can travel on a single charge. However, there are potential flaws in the official government testing and certification process for these ranges. While the U.S. Environmental Protection Agency (EPA) …
General Motors unveiled its latest innovative platform and battery system, Ultium, on March 4, 2020, at its Tech Center campus in Warren, Michigan. The photo, captured by Steve Fecht for General Motors, showcases the company’s commitment to electric vehicles (EVs) and advanced technologies. In the midst of tense labor negotiations between the United Auto Workers …
Ford CEO Jim Farley recently announced a partnership with China-based battery company Contemporary Amperex Technology (CATL) to establish an electric-vehicle battery plant in Marshall, Michigan. However, U.S. lawmakers are now seeking to review the licensing deal between Ford and CATL to produce battery cells at the planned $3.5 billion Michigan plant. In a letter addressed …