The impact of the pandemic on e-commerce is adding to the urgency.Dec 4, 2020 - Economy & Business
The lowering demand is a direct result of the economic shock from the coronavirus pandemic.Oct 6, 2020 - Economy & Business
"Europe and China have woken up to the fact that [the combustion engine] is dead."Sep 25, 2020 - Economy & Business
Musk is embracing many of Ford’s ideas like vertical supply chains and manufacturing efficiencyAug 14, 2020 - Economy & Business
The pandemic and recent protests put a spotlight on transportation inequities, giving urban planners new motivation to get it right.Jun 26, 2020 - Economy & Business
Car technology is changing fast — and getting more expensive. But a more affordable alternative for some buyers is subscribing only to the car features they want.
Why it matters: Automakers drool over the prospect of collecting recurring revenue from car owners, even as they roll out regular software improvements. And people who lease their vehicles, or trade them in frequently, could avoid spending thousands of dollars on cutting-edge tech they only get to use for a few years.
Tesla's quarterly results echoed what many other companies have been communicating in recent weeks.
Why it matters: The electric vehicle company has been one of the hottest growth stories of the last few years, with its stock decoupling from the rest of the market as it made shareholders and its CEO Elon Musk billions of dollars wealthier.
Canadians are ready to return to Florida as their government eases COVID-19 travel restrictions — and nonstop flights between Toronto and Tampa International Airport have resumed.
Why it matters: Canada is the number one international visitor market for Tampa Bay.
One of the first things to go when the pandemic struck U.S. cities is back: carpooling.
Driving the news: Lyft is bringing back shared rides in Philadelphia, Chicago and Denver on Monday, with plans to keep adding cities over the coming months.
Delta's second-quarter profit of $652 million comes with an asterisk.
The intrigue: Strip out $1.5 billion from government assistance and other one-time boosts, and the airline actually lost $678 million.
United Airlines and the regional carrier Mesa Air Group this morning announced conditional plans to buy 100 planes each — and an option for more — from the electric plane startup Heart Aerospace.
Driving the news: The two airlines are also investors in a $35 million Series A funding round for the Swedish startup that hopes to bring a 19-seat electric plane into service by 2026.
New federal data shows that gasoline demand has returned to pre-pandemic levels — and beyond.
Why it matters: It shows how vaccines, return to office work and the broader reopening of the economy have prompted a major return to the roads.
European regulators on Thursday announced a $1 billion fine against the Volkswagen Group and BMW for running afoul of antitrust rules by "colluding on technical development in the area of nitrogen oxide cleaning."
Driving the news: The European Commission's Margrethe Vestager, the top antitrust official, said the settlement is about "how legitimate technical cooperation went wrong."
A key shipping port in Yantian, in southern China, is nearly back to full capacity after a recent COVID outbreak partially shut down operations.
Why it matters: Delays of up to 16 days were reported by shipping giant Maersk last month, threatening to slow down already logjammed global supply chains even further.