On Monday, Oliver Blume, the CEO of luxury sports car maker Porsche AG said, the carmaker is attracting huge demand for its all-electric coupe Taycan model, causing wait times to stretch to up to six months. “Our original production capacity for the Taycan was 20,000 units this year – we’ve sold that many in the…
According to a report from Bloomberg News, Tesla Inc’s rival electric-vehicle startup Rivian is likely to go public later this year at a valuation of around $50 billion or more. The startup has the backing of Ford Motor Co and Amazon.com Inc. While Rivian has been in talks with bankers about its plans, its timeline…
In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…
In a respite from the crisis surrounding the Boeing 737 MAX, the airplane maker has successfully tested the first flight test of the 777x – the world’s largest twin-engined jetliner. The 777X, a larger version of the 777 mini-jumbo jet, touched down at the historic Boeing Field outside Seattle at 2 pm (2200 GMT) on…
In less than a week after its launch, orders for Tesla Inc’s new electric pickup Cybertruck have are close to breaking the record set by the Model 3 sedan in 2016. Elon Musk, Tesla’s CEO has signaled that 250,000 customers have lined up to buy the Cybertruck. In an apparent reference to the number of…
In a statement, Tesla Inc’s Chief Executive Elon Musk said the carmaker has so far received around 150,000 orders for its Cybertruck. “146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor”, said Musk in a tweet. He went on to add, these orders came through without any advertising or…
The A321XLR has a longer range of 4,700 nautical miles. In a significant development, the AirAsia Group, the world’s largest customer for Airbus’ A321neo, stated it has decided to convert 253 orders for Airbus’ A320neo planes to the larger A321neo model. “The change will enable the airline to offer higher capacity in response to ongoing…
Negotiations with Boeing are ongoing. Garuda Indonesia has said, it could switch the order with other Boeing models. Airbus SE jets are not, yet, being considered. On Friday, Fuad Rizal, the Chief Financial Officer of Indonesia’s national carrier Garuda Indonesia stated, the airlines has sent a letter to Boeing Co asking it to cancel an…
According to Google, the issue revolves around Amadeus charging consumers for services that are available for free, or for a nominal charge; this practice is against its internal policies which prohibit ads for services that can be obtained for free or at a lower price from the government or another public source. In a significant…
Tesla’s CEO, Elon Musk tweeted, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.” Luxury carmaker Tesla Inc has stated, it will reimburse customers if delays to car deliveries have caused them to miss out on a significant tax credit. In 2017,…
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