False Rumor: KIA Reportedly Prepping Apple Car In U.S.

False Rumor: KIA Reportedly Prepping Apple Car In U.S.

KIA is apparently preparing to build an Apple car in the United States. The legacy automaker has reportedly “approached potential partners about a plan to assemble Apple Inc.’s long-awaited electric car in Georgia,” according to Dow Jones. The partnership between the...
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IATA: Airlines need another $80 billion in aid to survive

IATA: Airlines need another $80 billion in aid to survive

Airlines will need $70-80 billion in aid to survive the coronavirus crisis, or another half again of the amount already received from governments, their global industry body warned. “We are extremely grateful to them for having injected $160 billion into...
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2023 Cadillac Lyriq Revealed

2023 Cadillac Lyriq Revealed

It won’t go into production for two more years but will be the first use of GM’s modular EV platform and Ultium battery technology. Cadillac wants you to know that the Lyriq may just be a “show car” at this stage,...
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He Abandoned The Deadly Cargo – About One Unscrupulous Businessman

He Abandoned The Deadly Cargo – About One Unscrupulous Businessman

Thus far an official ongoing investigation by Lebanese authorities into the cause of Tuesday’s Beirut port blast, now considered the largest non-military munitions explosion in history, has dubbed it severe “negligence”. It’s now well ...
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Toyota’s Q1 profit nearly wiped out

Toyota’s Q1 profit nearly wiped out

Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen...
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Kratos XQ-58A Valkyrie as a potential platform to carry the Skyborg system

Kratos XQ-58A Valkyrie as a potential platform to carry the Skyborg system

The U.S. Air Force has issued a broad agency announcement to seek technical proposals for a potential $400M program that aims to advance prototyping and experimentation work on Skyborg unmanned air vehicles. A notice last week says the Skyborg Prototyping,...
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IndiGo, GoAir get extended deadline till August 31 to replace Pratt & Whitney engines

IndiGo, GoAir get extended deadline till August 31 to replace Pratt & Whitney engines

IndiGo and GoAir’s P&W engine-powered A320neo planes have been facing glitches over the past few months causing large-scale flight disruptions affecting thousands of passengers and raising safety concerns. In the wake of coronavirus-induced lockdown,...
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SUV Sales Exceed 40% Of Global Car Sales

SUV Sales Exceed 40% Of Global Car Sales

SUV Sales Exceed 40% Of Global Car Sales For The First Time. Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales...
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Boeing Sees No Recovery In Air Travel For Years

Boeing Sees No Recovery In Air Travel For Years

Boeing CEO Dave Calhoun has just released an update on this week’s layoffs. He said involuntary layoffs have begun, a total of 6,770 US workers will be cut this week, adding that work reduction programs have already gone into effect for the company&...
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Next-gen Genesis G80 to start at $48,725

Next-gen Genesis G80 to start at $48,725

The midsize sedan undercuts German rivals with lower pricing, extensive standard equipment, two engine options and a fresh look. The new 2021 Genesis G80 mid-size luxury sedan starts at $48,725 and ranges up to nearly $70,000 when fully loaded. It’s av...
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United Airlines Needs 3,000 Of Its 25,000 Flight Attendants

United Airlines Needs 3,000 Of Its 25,000 Flight Attendants

Nothing paints a better picture of how bad things have gotten for the airline industry – and for its working class – than the fact that United Airlines is barely using over 10 percent of its flight attendant staff. The...
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Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

The catastrophe in Class 8 heavy duty truck orders continues. Still struggling with the remnants of an order backlog that started almost two years ago with record orders in August 2018, the industry was unable to find an equilibrium prior...
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Warren Buffett’s Berkshire Hathaway Liquidates All US Airlines Holdings

Warren Buffett’s Berkshire Hathaway Liquidates All US Airlines Holdings

Berkshire Hathaway had held sizeable positions in the major US airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines, 10% of Southwest Airlines and 9% of United Airlines at the end of 2019, according to its annual report and comp...
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Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow

Daimler Sees 70% Drop in 1Q Earnings, Renault and Hyundai Follow

Daimler AG (owner of Mercedes-Benz) sees first-quarter earnings plunge almost 70% as the coronavirus-related lockdowns have left its auto showrooms closed. The German luxury automaker announced that it expected preliminary adjusted first-quarter earnings befo...
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Ford Is Delaying North American Production Indefinitely

Ford Is Delaying North American Production Indefinitely

There are basically no U.S. auto sales right now. With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two...
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