As the Dali slid out of its berth at the Port of Baltimore in the early hours of March 26, it wasn’t alone. A pair of 5,000-horsepower tugboats guided the massive container ship into the deep channel in the Patapsco River, pointing it toward the Chesapeake Bay as it began its voyage to Sri Lanka. … Read more
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street’s earnings estimates for the first quarter, offsetting losses of its electric vehicles. The company maintained its 2024 earnings guidance … Read more
SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on Dec. 1, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Shares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full … Read more
A brand-new Honda Pilot is displayed on the sales lot at Honda Marin in San Rafael, California, on Feb. 6, 2024. Justin Sullivan | Getty Images DEROIT — Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. … Read more
India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country’s secretary of the Department of Promotion of Industry and Internal Trade. Last month, the government rolled out key initiatives aimed at bolstering the country’s position in EV manufacturing. “It involves concessional tariffs for … Read more
Since U.S. Rep. Lauren Boebert opted to change her address to one clear across the state late last year, the race for Colorado’s 3rd Congressional District has fallen out of the media glare that seemingly shines on the controversial Republican congresswoman wherever she goes. But Colorado’s largest district by land mass — taking in Grand … Read more
RICHMOND — Albert Engel Sr. can only stare at the Richmond Rail Connector in his backyard with dread, fearing that the overgrown vegetation, homeless encampments and pools of water that at times accumulate around the nearly decade-old berm foreshadow a train derailment along that track. The three acres of land abutting the small industrial yard … Read more
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts’ estimates. American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 that analysts compiled by LSEG estimated on average. American reiterated its forecast to … Read more
A Southwest Airlines Boeing 737-700 aircraft lands at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 7, 2023. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the … Read more
A Xpeng G9 is displayed at a store in a mall in Beijing on Feb. 29, 2024. Wang Zhao | AFP | Getty Images BEIJING — Self-driving taxis won’t be a significant business for at least five years, Xpeng Vice Chairman and Co-President Brian Gu said Thursday. That prediction comes as Elon Musk has promoted … Read more
