Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
Logistics news
Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.
Elon Musk posted his tweet on his previous consideration to sell Tesla shortly after the reports that Apple may launch its autonomous vehicle in 2024.
Apple’s is once again making its Project Titan alive and is reportedly focusing on battery technology which will make it cost-effective while simultaneously providing more miles range.
As part of the deal, $56 per share will be paid to Aerojet Rocketdyne. Also, after the pre-closing special dividends have been paid by the company, Lockheed will only pay $51 per share as the purchase price.
Despite recording constant gains over the last twelve months, SPCE has dropped over 20% in the last five days.
By going into the electric trucks market, Canoo adopts the same business strategy as that of Tesla. Through its Nasdaq listing, the EV startup plans to raise $600 million to support its production and launch.
After a critical analysis, Zacks Rank gave Tesla shares a ‘Hold’ rating, citing notable fundamentals that are yet to materialize.
Notably, the Mustang Mach-E is similar to Tesla Model Y SUV. Both EVs by Ford and Tesla are alike in pricing, performance, and range.
The growth and rally behind Tesla stock take its backing from the perception of the company by its investors and not necessarily on its auto sales.
While the technical charts are indication another $100 rally from the current rally some analysts have asked investors to maintain cuation and think that the company is highly overvalued at this stage.
Goldman Sachs will serve as an advisor of the deal. Korean law firm Kim & Chang will be the legal counsel of the acquisition.
Depending on how long this pandemic lasts, whether more lockdowns happen, and how fast economies recover, the outlook projected for the EV market could change.
Uber in addition to selling its autonomous driving unit is also investing $400 million in the Aurora self-driving car startup.
So far, Lufthansa has already reduced 20% of its top management positions. Cutting jobs allowed Lufthansa to reduce costs by about €900 million.
Dragon will arrive at the station and dock at the Harmony module’s space-facing port just over 24 hours after the launch. After it lands at the space station, there will be two Dragon vehicles attached to the laboratory for the first time.
The talks of a potential partnership between Tesla and Daimler dates back to a decade ago when Tesla announced that Daimler will be taking up a 10% stake in the company worth $50 million.