The largest automaker in the US will spend $20 billion to assure investors it’s serious about embracing an electric future By Andrew J. Hawkins General Motors laid out its electric vehicle strategy on Wednesday, showcasing roughly a dozen products as part of a broader attempt to convey to investors how serious it is about embracing […]
British Court Blocks Heathrow Runway Expansion by Alex Hickey U.K. Prime Minister Boris Johnson has promised almost $130 billion in infrastructure investments around Britain. But there’s one project he’s frostier on than a nice hairbrush: a third runway for London’s Heathrow Airport. He got good news yesterday. A British court blocked the runway over concerns […]
U.K. GDP Did Not Budge in the Fourth Quarter of 2019 by Alex Hickey U.K. GDP growth stood still in Q4 2019, the region’s last full quarter in the EU. In addition to Brexit uncertainty, slower trade and a wilting eurozone dragged down growth. But as much as we mercilessly teased the U.K. in 2019, […]
British Airways 747 Sets Record for New York to London Subsonic Flight by Kinsey Grant Saturday night, a British Airways 747 set a new record for the fastest subsonic flight between NYC and London. We’d say the travelers were lucky, but they didn’t even have time to digest their “dinner” before flight attendants started handing […]
Brew readers are rightly flabbergasted by Tesla stock’s recent performance. Two of them, Mike W. and his friend Wynn, even shared with us a trivia game they started playing. How it works: We’ll give you a company, you have to say whether its market value is greater than or less than Tesla’s $159.9 billion (as […]
GM to Bring Back the Hummer With a Modern Twist: It’ll Be Electric By Alan Neuhauser Hummer – the indecently named, jumbo SUV synonymous with American supersize-me gas-gluttony – is returning to dealerships. And it’s coming back not with a roar, but with a whirr. GMC this week confirmed rumors that it plans to launch […]
Boeing Starts Testing of New Jumbo Jet, the 777X Neal Freyman Ain’t she a beaut? Boeing’s newest plane model, the 777X, successfully completed its maiden voyage on Saturday. It lifted off at 10:09am PT, hung out in the air long enough for pilots to qualify for pretzels (about four hours), and touched down to a […]
Tesla Tops $100 Billion Market Value, Short Squeeze Ensues Kinsey Grant The electric car company became the first publicly listed U.S. automaker to cross $100 billion in market value, eclipsing the combined values of other homegrown heroes Ford and GM. How Tesla doubled its share price in three months: 1) It reported a surprise Q3 […]
By Laura He Hong Kong (CNN Business)Tesla started delivering its Shanghai-made Model 3 cars to the public in China on Tuesday, the first step in CEO Elon Musk’s much bolder plan for the world’s biggest market. Speaking at a ceremony to mark the first deliveries, Musk announced that Tesla will also make the Model Y, […]
Tesla rode a massive fourth-quarter push to hit its 2019 target for vehicle deliveries. The company delivered 112,000 vehicles in Q4, 92,550 of which were the mass-market Model 3. Tesla delivered 367,500 vehicles for the year, a 50% increase from 2018. What that means: lots of optimism over Elon Musk’s big bet on electric vehicles. […]
