transportation

The end of the ICE age: Eyeing the demise of gas-powered cars

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today. The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to…

Nikola founder steps aside amid allegations of fraud

Nikola announced Monday that executive chairman Trevor Milton, who is also the company’s founder, is out as the electric and fuel cell truck startup reportedly faces federal inquiries into a short-seller’s allegations of inaccurate or misleading statements. Why it matters: It’s the latest move in…

Anxious days for airline workers as mass layoffs loom

The clock is ticking for tens of thousands of anxious airline employees, who face mass reductions when the government’s current payroll support program expires on Sept. 30. Where it stands: Airline CEOs met Thursday with White House Chief of Staff Mark Meadows, who said President…

House report says “serious failures” by Boeing and FAA led to 737 MAX crashes

The House Transportation Committee on Wednesday released a scathing report, highlighting “repeated and serious failures” by Boeing and the Federal Aviation Administration that preceded two deadly 737 MAX jet crashes in 2018 and 2019. The big picture: The 239-page report says the crashes, which killed…

What Makes a Good Preschool Education

Editor’s Note: In the next five years, most of America’s most experienced teachers will retire. The Baby Boomers are leaving behind a nation of more novice educators. In 1988, a teacher most commonly had 15 years of experience. Less than three decades later, that number…

Japanese company completes manned “flying car” test flight

SkyDrive has successfully tested its flying car with a passenger on board, the Japanese company announced in a news release. Why it matters: The modest test — four minutes in the air — brings humanity one step closer to one day combining the automobile and…

It’s a great time to be a car dealer — but not so hot for buyers

Anyone looking to buy a car right now is likely to find fewer choices and higher prices — with very little room to negotiate. The big picture: The pandemic has thrown off the natural balance between supply and demand for new and used cars, driving…

New turbulence for airlines

The peak leisure travel season — such as it is — is almost over, and without conferences or events to woo business travelers this fall, the airline industry’s modest recovery could quickly lose altitude. Why it matters: Investors have been snapping up airlines as bargain…

Delta Air Lines adds widespread virus testing to reassure travelers

A widely available coronavirus vaccine would go a long way toward rebuilding public confidence in air travel, but until it arrives, Delta Air Lines believes widespread, proactive COVID-19 testing for employees will help win passengers’ trust. What’s happening: In partnership with the Mayo Clinic and…

Delta Airlines adds widespread virus testing to reassure travelers

A widely available coronavirus vaccine would go a long way toward rebuilding public confidence in air travel, but until it arrives, Delta Airlines believes widespread, proactive COVID-19 testing for employees will help win passengers’ trust. What’s happening: In partnership with the Mayo Clinic and Quest…

GM’s electric vehicle business could be worth big money

Data: Yahoo; Chart: Axios Visuals A Morgan Stanley note Tuesday pegged the value of General Motor’s nascent electric vehicle business at $20 billion, a tally well above the firm’s assessment of GM’s core gasoline-powered lines. Why it matters: It signals analysts’ view that revenues from…

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