Blue Origin raised offer to cover $3B in lunar lander costs in lost NASA lawsuit An offer by Jeff Bezos’ Blue Origin to cover NASA costs of an astronaut lunar lander increased from $2 billion to upwards of $3 billion Bob Smith, the CEO of Blue Origin said that the company would “add valuable competition”… Continue reading Business News – 11-18-2021
Tag: Ford
Business News – 09-16-2021
Rolls-Royce all-electric aircraft completes maiden flight in Britain The first all-electric aircraft Rolls-Royce has ever produced has completed its first flight for about 15 minutes in the United Kingdom this week According to information by Rolls-Royce, they say the plane is the “Spirit of Innovation” and it uses a 400-kilowatt electric powertrain In the future,… Continue reading Business News – 09-16-2021
Business News – 09-15-2021
First Non-profession astronauts to launch into orbit through SpaceX For the first time in the history of the company and the world, Elon Musk’s SpaceX prepares to launch 4 civilians into space The mission is named Inspiration4 and scheduled to lift off on Wednesday nit opening at 8:02 p.m ET Ford and Argo AI have… Continue reading Business News – 09-15-2021
Business News – 09-13-2021
Lowe’s executive hired by Ford to lead the automaker’s software and data transformation The previous president for Lowe’s online presence, Mike Amend had been hired by Ford to oversee software, data, and technology Ford’s CEO, Jim Farley believes that improvements in the company’s tech space are key to his Ford+ turnaround plant which is designed… Continue reading Business News – 09-13-2021
Business News – 10-04-2021
Automotive sales at Ford continue to improve but still down by 27% in 3rd quarter From last year in 2020, Ford’s sales for its third quarter have fallen by 27.4% as the semiconductor shortage continues to hurt the automotive industry by interrupting vehicle production and shorted dealer inventories On the contrary, Ford sale’s have improved… Continue reading Business News – 10-04-2021
Business News – 09-22-2021
Redwood Material and Ford sign deal to recycle Electric Vehicle batteries Sales of Electric Vehicles are expected to increase from an estimated 350,000 cars in 2021 to more than 1 million by 2025, says LMC Automotive Ford and its battery manufacturing partner SK Innovations will ensure a consistent supply of essential metals like lithium, nickel,… Continue reading Business News – 09-22-2021
Business News – 11-03-2021
Ford sales in US market continue to recover from October losses In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior… Continue reading Business News – 11-03-2021
Business News – 08-27-2021
Tesla has applied to become a Texas electricity provider Tesla filed an application with the Texas Public Utility Commission to sell electricity in the state as the company’s big battery build-out in Angleton, Texas comes online The company aims to connect a 100 megawatt energy storage system to the grid and has already built several utility-scale… Continue reading Business News – 08-27-2021
Business News – 08-12-2021
Mustang Mach-E and Bronco SUV deliveries are delayed due to production issues Ford is delaying customer deliveries of certain Bronco SUVs and Mustang Mach-E crossovers due to manufacturing issues The delays are due to a roof problem on the Bronco SUV and a shortage of semiconductor chips for the Mustang Mach-E crossover Bill gates claims… Continue reading Business News – 08-12-2021
Business News – 08-07-2021
Production issues cause used car prices to remain at high prices Legacy automakers like Ford and General Motors have been forced to cut production of vehicles due to the semiconductor chip shortage this year Ernie Garcia, the CEO of Carvana has said that the high used car prices will not start to fall until automakers… Continue reading Business News – 08-07-2021
Business News – 06-14-2021
Vaccines cannot keep up with amount of Covid-19 cases across the world The World Health Organization has reported that the amount of Covid-19 cases is spreading faster than vaccinations worldwide Despite the amount of cases of the vaccine are tending to decline worldwide, the amount of deaths related to Covid-19 have not declined the same… Continue reading Business News – 06-14-2021
Business News – 06-08-2021
Chipotle has now raised prices to compensate for raised wages Fast casual restaurant Chipotle Mexican Grill has now raised prices by about 4% in order to compensate for the cost of raising their worker’s wages This may, Chipotle has reported that they would raise hourly wages for their restaurant workers into reach their average of… Continue reading Business News – 06-08-2021
Business News – 06-03-2021
Ford is expanding their pickup truck lineup with their new small pickup called Maverick To expand their very profitable pickup franchise, Ford will come out with a new small pickup named Maverick This truck will be compact and smaller than the Ford F-150 full size pickup and the middle sized Ford Ranger This pickup is… Continue reading Business News – 06-03-2021
Business News – 5-27-2021
$291M has been spent with the newest round of Federal Stimulus checks The government has issued a new batch of $1,400 stimulus checks, bringing the total number of payments to almost 167 million, or about $391 billion This tranche included more than 1.8 million payments worth more than $3.5 billion Most of the payments were… Continue reading Business News – 5-27-2021
Business News – 5-21-2021
Popular dating apps like Tinder and Bumble partner with the White House to raise vaccine awareness White House has announced partnership with popular dating apps such as Tinder, OKCupid, Plenty of Fish, and more to raise vaccine awareness 42% of adults which age from 18 to 34 say that they aren’t willing to get the… Continue reading Business News – 5-21-2021
Business News – 5-18-2021
Macy’s shares rise after retailer reports surprise profit, hikes full-year outlook Macy’s reported a surprise fiscal first-quarter profit, as shoppers returned to stores to refresh their wardrobes The retailer raised its full-year outlook, citing the momentum it’s seeing in its shops and online for the heightened optimism CEO Jeff Gennette said the retailer is seeing… Continue reading Business News – 5-18-2021