Business
October 09, 2024
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Bridgit Mendler's space startup Northwood passes first test, connecting prototype antenna to Planet satellites

Bridgit Mendler's space startup Northwood passes first test, connecting prototype antenna to Planet satellites

The startup’s co-founders, from left: Chief Technology Officer Griffin Cleverly, CEO Bridgit Mendler and Head of Software Shaurya Luthra. Northwood Space Northwood Space, the startup led by former television star and singer Bridgit Mendler, passed its first major development test last week by connecting with Planet Labs imagery satellites in orbit. “We’re building this global […]

Business
October 09, 2024
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Here's what investors need to know after GM's capital markets day

Here's what investors need to know after GM's capital markets day

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT — Wall Street reacted to General Motors’ investor day on Tuesday with a shrug. Executives used the Detroit automaker’s event to focus on broad, near-term updates to the company’s operations in […]

Top headlines
October 09, 2024
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Boeing withdraws contract offer after talks with union end without a deal

Boeing withdraws contract offer after talks with union end without a deal

Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and […]

Business
October 07, 2024
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GM investor day: Cruise, cash and EV profits top of mind for Wall Street

GM investor day: Cruise, cash and EV profits top of mind for Wall Street

Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — A lot has changed since General Motors’ last investor day two years ago, but one thing that hasn’t […]

Business
October 04, 2024
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Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations

Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Shares of Rivian Automotive dropped by as much as 8.9% in intraday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and […]

Business
October 04, 2024
4 views 5 mins 0

Stellantis files federal lawsuit against UAW union over strike threats

Stellantis files federal lawsuit against UAW union over strike threats

Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024.  Nathan Laine | Bloomberg | Getty Images DETROIT — Stellantis is suing the United Auto Workers, escalating a monthslong battle between the trans-Atlantic automaker and American union, CNBC has […]

Business
October 04, 2024
4 views 3 mins 0

Ford reveals new 2025 Expedition SUV, including off-road and 'Ultimate' models

Ford reveals new 2025 Expedition SUV, including off-road and 'Ultimate' models

2025 Ford Expedition Platinum Ultimate Ford DETROIT — Ford Motor is increasing the refinement and technology of its large Expedition SUV as part of a vehicle redesign to better compete with growing competition. The new three-row SUV features a smoother interior and exterior design, increased comfort and convenience features such as a 24-inch driver display, […]

Business
October 02, 2024
4 views 4 mins 0

Stellantis U.S. auto sales extend free fall in third quarter

Stellantis U.S. auto sales extend free fall in third quarter

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images DETROIT — Stellantis‘ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The trans-Atlantic carmaker reported U.S. sales Wednesday […]

Business
October 01, 2024
4 views 3 mins 0

GM reports 2.2% decrease in third-quarter sales, but EVs make gains

GM reports 2.2% decrease in third-quarter sales, but EVs make gains

GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared […]