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
Tesla's fourth quarter earnings revealed its largest profit by a large margin while highlighting the supply chain crunch that the electric automaker has weathered but can't outrun.
Catch up fast: The company beat Wall Street estimates, reporting $17.72 billion in revenues and $2.54 earnings per share. It netted $2.32 billion in Q4 profits on the strength of record deliveries.
Emirates and Delta airlines announced Tuesday that the planned rollout of 5G services at certain American airports could affect flights.
Driving the news: AT&T and Verizon announced earlier Tuesday that they would delay this week's scheduled rollout of 5G signals near a limited number of airports due to continued concerns from the aviation industry.
California prosecutors have filed two manslaughter charges against the driver of a Tesla, who ran a red light and killed two people in 2019 while using the vehicle's Autopilot function, AP reports.
Why it matters: The driver, Kevin George Aziz Riad, is the first person in the U.S. charged with a felony for a fatal car crash involving Tesla's advanced driver assist system, according to AP.
Ford Motor and security firm ADT are forming a new company to develop vehicle security technology designed to prevent thieves from stealing valuables out of your car, truck or van.
Why it matters: The FBI estimates more than $7.4 billion was lost to vehicle theft and stolen work and recreational equipment in 2020. The new venture, called Canopy, will use AI-based security systems and cameras to help people keep a closer eye on their vehicles and the property they carry inside them.
The Centers for Disease Control and Prevention's COVID-19 guidance will be optional for many cruise ships starting Saturday.
Why it matters: The CDC's framework for cruise lines was extended to Jan. 15 in October after cases spiked. Its expiration comes two weeks after the CDC issued a warning to avoid cruise travel for both vaccinated and unvaccinated people.
Former Nissan boss and international fugitive Carlos Ghosn predicts a major reordering of the power center in the auto industry, he told Axios in an exclusive interview.
Why it matters: Ghosn was once one of the automotive industry's most powerful leaders — among the first major execs to invest in electric vehicles. His comments now come during a major inflection point in the sector's transition to EVs as companies battle for positioning.
Amtrak paid $2.25 million to more than 1,500 people as part of a disability discrimination lawsuit settlement, the Department of Justice announced Wednesday.
The big picture: The train operator and the DOJ reached a deal in December 2020 over Americans With Disabilities Act (ADA) violations — which saw people with disabilities encounter "significant accessibility issues" at 78 stations across the U.S., the settlement states.
Some carmakers and tech companies say they're preparing to deliver self-driving cars to consumers within just a few years, a fresh promise that makes it seem like 2016 again. But beware the hype.
Why it matters: Your car might be capable of driving itself in the not-too-distant future, but only under certain conditions, like favorable weather or within certain geographic limits. And the timetable is squishy at best.
Startups like Alto, Revel and Kaptyn are positioning themselves as Rideshare 2.0. — alternatives to Uber and Lyft that use employees rather than gig workers as drivers and put fleets of company-owned cars on the road.
Why it matters: These companies' vertically integrated business models mean they can roll out electric fleets more quickly than the current market leaders, whose pledges to go electric depend on persuading gig drivers to upgrade their personal cars to EVs.