transportation

Automotive executives believe President Joe Biden’s goal of half of new vehicles sold in the U.S. to be electric by 2030 is achievable, according to a new KPMG survey. While estimates varied widely, the survey on average found that executives expect 52% of new vehicle sales to be all-electric by 2030. A majority of survey
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Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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BMW on Monday night unveiled a high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M” performance division, the company said. BMW said the U.S.
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The U.S. on Friday said it would ban visitors from South Africa and 7 other southern African nations after the detection of the omicron variant. Japan, the U.K. and Israel are among the countries that have also put travel restrictions in place to stem the spread of the variant. The variant has already been detected
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Cancellations were minimal compared with mass disruptions earlier this year. Southwest and American were among the airlines that offered staff extra bonus pay for holiday trips. Concern over the omicron variant sparked new travel restrictions in the U.K., U.S., Japan, Israel and elsewhere. U.S. airlines over Thanksgiving week had some of their busiest days since
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The United States will restrict travel for non-U.S. citizens from South Africa and seven other countries starting on Monday as a new Covid variant emerges. President Joe Biden was briefed on Friday by White House chief medical advisor Dr. Anthony Fauci. The briefing came as other nations announced travel restrictions on southern Africa. In addition
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The U.K. said it would suspend flights from South Africa and surrounding countries because of the new variant. The European Commission recommended a pause on travel between the EU and southern Africa. The new restrictions highlight how new variants of Covid-19 can quickly disrupt travel, just as many airlines and aircraft manufacturers like Boeing were
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Tesla will spend at least $1.06 billion on a new vehicle factory in Austin, Texas, according to public filings. Construction on facilities intended for body work, stamping, casting, painting, and full vehicle assembly are scheduled to be completed by Dec. 31. The permits show that Tesla’s previously announced expansion on the edge of the Colorado
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Rocket Lab CEO Peter Beck has dramatically changed his tune on reusing rockets, a practice made increasingly popular by Elon Musk’s SpaceX. “I think anybody who’s not developing a reusable launch vehicle at this point in time is developing a dead-end product because it’s just so obvious that this is a fundamental approach that has
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President Joe Biden’s visit last week to a General Motors plant that’s producing the GMC Hummer electric pickup caused a notable increase in reservations for the truck, the automaker said Tuesday. Reservations for the vehicle increased sevenfold compared to an average day, as website traffic increased by about 230%, an executive said Tuesday. Biden’s visit
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The Detroit automakers are asking their roughly 153,000 plant employees represented by the United Auto Workers to voluntarily submit their Covid-19 vaccination status. The voluntary submission process is a step below the automakers mandating non-union salaried employees submit their vaccination status. The UAW has encouraged members to get vaccinated, but it has not been supportive
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Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning. “We’re smashing into an asteroid,” NASA’s Launch Services Program senior launch director Omar Baez said. The mission is known as the Double Asteroid Redirection Test (or DART). NASA is trying to learn how to
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Glass bottles are in short supply, putting pressure on winemakers and distillers ahead of the holiday season. International freight delays, labor shortages and higher costs have contributed to supply chain challenges for glass suppliers and their customers. In the short term, consumers may struggle to find their favorite wine and spirits. From whiskey distillers in
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The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, including the departure of two vice presidents. SpaceX vice president of propulsion Will Heltsley has left, multiple people familiar with the situation told CNBC, having been with the company since 2009. Lee Rosen, SpaceX vice president of mission and launch operations, left
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Adequate charging options will be crucial when it comes to challenging perceptions surrounding range anxiety. Major economies and companies are looking to find ways to develop and roll out low and zero emission vehicles at scale. New homes in England will be required to have charging points for electric vehicles, according to plans announced by
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An accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all departing flights being briefly halted. A spokesman with the Atlanta Police Department told NBC News no injuries were reported. An accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all
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Space company Firefly is preparing for the second orbital launch attempt of its Alpha rocket, as the venture looks to build out the foundation of its business. “Firefly is aiming to be the next SpaceX, a very transformative space transportation company,” Firefly CEO Tom Markusic told CNBC. The company recently gave CNBC an inside look
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Automaker Stellantis, formerly Fiat Chrysler, will require U.S. non-union, salaried employees to be vaccinated by Jan. 5 or possibly face termination. Nearly 80% of Stellantis’ U.S. salaried workforce already has self-reported that they are vaccinated fully, according to the company. DETROIT – Automaker Stellantis, formerly Fiat Chrysler, will require U.S. non-union, salaried employees to be
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Canadian satellite communications company Telesat went public Friday on the Nasdaq, bringing another space pure-play stock to the market. The listing came following an exchange with Telesat’s shareholders, with the company effectively taking the place of formally public Loral Space & Communications. Telesat’s core growth project is the low Earth orbit broadband satellite network it’s
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The TSA says it expects 20 million travelers, nearly the same number as in 2019. American, Southwest and JetBlue have offered staff attendance bonuses to avoid staffing crunches over the holidays. Airlines and TSA say they’re prepared for the surge of travelers. Travelers are about to find out whether airlines are prepared for a surge
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German laser communications company Mynaric recently listed on the Nasdaq, and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. initial public offering. Mynaric makes optical communication terminals, a device which uses a laser to send data from one point to another. Satellite companies are the firm’s target customer base.
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The Spirit of Innovation aircraft is the result of a project called ACCEL, or Accelerating the Electrification of Flight. Discussions around aviation are increasingly focused on how innovations and ideas could cut its environmental footprint. Rolls-Royce said Friday its electric aircraft had reached a maximum speed of 623 kilometers per hour (a little over 387
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JetBlue flight attendants will get $1,000 for no call-outs through early January. American Airlines has offered flight attendants extra pay while Southwest says crews will get more than 100,000 frequent flyer miles for meeting attendance goals. Staffing crunches have contributed to hundreds of flight cancellations and delays this year. JetBlue Airways is offering its flight
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Following the infrastructure deal, Democrats now have their sights set on the Build Back Better Act to complete the administration’s near-term electric vehicle agenda. Officials view tax incentives of up to $12,500 per vehicle in the new bill as a much needed second step to spur the adoption of electric vehicles. Under the Bipartisan Infrastructure
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Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital. The company’s valuation jumped to $4.5 billion following the raise, with investors including General Atlantic, Coatue, and Moore Strategic Ventures, as well as the funds of private equity firms BlackRock and AE Industrial Partners. Sierra Space has two
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Ford plans to increase its production capacity of electric vehicles to 600,000 units globally by 2023, according to CEO Jim Farley. The executive expects that would make the company the second-largest U.S.-based producer of EVs, behind Tesla. It’s unclear if 600,000 would place it second behind Tesla. General Motors plans to sell 1 million electric
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