Customers browse in a used car lot in Glendale, California, Feb. 15, 2023. Mario Tama | Getty Images News | Getty Images DETROIT — Used car prices fell in April for the first time since October as gas prices rose amid the Iran war. Cox Automotive’s Manheim Used Vehicle Value Index — which tracks prices…
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images The head of one of the nation’s largest auto finance lenders isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to longer loans on vehicle purchases. His main reasoning?…
Rocket Lab‘s stock blasted 34%, notching its best day ever, after the space company topped first-quarter revenue estimates and announced its largest launch deal on record. The Long Beach, California-based company reported $136.7 million in revenue for its space systems business and $63.7 million for its launch segment. That topped FactSet estimates of $132.1 million…
Berkshire Hathaway subsidiary McLane is planning to deploy self-driving trucking technology from Aurora Innovation on routes in Texas and across the U.S. Sun Belt by the end of the year, expanding on an autonomous freight pilot program the companies began in 2023, McLane and Aurora announced Wednesday. Temple, Texas-based McLane is one of the largest…
Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations. The stock jumped 8% following the earnings release. Here’s how the company did versus Wall Street’s expectations, according to estimates compiled by LSEG: Earnings per share: 13 cents vs. 70 cents expected Revenue: $13.2…
Spirit Airlines‘ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation. Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months. The…
LONG BEACH, Calif. — As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that CEO Jim Farley has described as industry-defining products. Ford’s push comes despite a massive slowdown in EV adoption, $19.5 billion in electric…
The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Danish shipping giant Maersk said one of its commercial vessels successfully transited through the strategically vital Strait of Hormuz under U.S. military protection. The Alliance Fairfax, a U.S.-flagged ship operated by…
An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on Aug. 24, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images The head of American Airlines‘ pilots union told members that United Airlines CEO Scott Kirby’s merger idea showed the kind of “bold vision” the carrier needs, even as the union stopped…
NANJING, CHINA – APRIL 30, 2026 – Tourists visit the BYD exhibition area at the Auto Expo in Nanjing, Jiangsu Province, China on April 30, 2026. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images BYD‘s passenger vehicle sales fell for an eighth consecutive month in April, while…
