Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
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Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
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General Motors President and CEO, Mary Barra, on April 1, 2020 tours one of the company’s facilities in Warren, Michigan, which will produce Level 1 face masks. GM General Motors lost about $ 800 million and burned billions of dollars in cash in the second quarter in what is expected …
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Leaves on the line are a notorious headache for commuters and train companies alike, causing costly delays. Now scientists say they haven’t chosen why the fallen foliage makes the rails so slippery. When the sheets are flattened against the tracks, they form a black layer that dramatically reduces friction between …
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Revel announced Tuesday that he will stop operating in New York City after an epidemic of accidents with his motorized scooters, including two that were fatal. “New York riders: Starting today, the New York service will be closed until further notice,” the electric moped company said in a tweet. “We …
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