Airline stocks suffered big losses on Monday, after data from the US Transportation Security Administration showed that travel demand declined last week to break a streak of 12-week increases from the bottom. of COVID-19 in mid-April. The drop in demand comes as the number of new cases of COVID-19 in …
Read More »Nearly 17,000 Southwest employees sign up for purchases, voluntary leave as the threat of leave looms
A Southwest Airlines plane departs Midway Airport on January 25, 2018 in Chicago, Illinois. Scott Olson | fake pictures More airline employees are signing up for purchases, licenses and early retirements as the threat of permits looms this summer. About 17,000 employees or about 28% of Southwest Airlines’ workforce have …
Read More »Mobileye and Ford partner on next-generation driving technology
Ford says its Active Drive Assist system will allow hands-free driving on more than 100,000 miles of divided highway in the United States and Canada. Ford Ford Motor has entered into an agreement with Mobileye, an automotive technology subsidiary of Intel, to support its next generation of advanced driving and …
Read More »Tesla’s Chinese rival Xpeng Motor raises $ 500 million
Xpeng Motors’ latest electric car is called the P7. Xpeng Engines Chinese electric car company Xpeng Motors has raised new funds as competition continues to rise in China’s so-called new energy vehicle market. The $ 500 million financing came from a group of investors including Aspex, Coatue, Hillhouse Capital and …
Read More »SpaceX has released a new FAA environmental review in hopes of launching Starship-Super Heavy rockets to orbit from South Texas soon.
SpaceX aims to launch a new 39-story rocket system called Starship-Super Heavy from Boca Chica at the southeast end of Texas. However, the aerospace company, founded by Elon Musk in 2002, must first complete a new environmental review with the Federal Aviation Administration (FAA) before you can receive release authorization. …
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