transportation

GM’s Cadillac Celestiq EV costs $300,000 and is customizable

2024 Cadillac Celestial Cadillac DETROIT — Cadillac is testing the limits of its brand looks and pricing power with the 2024 Celestiq — a large, bespoke electric car that will start at more than $300,000. The vehicle – unveiled on Monday evening – launches the General Motors brand in the ultra-luxury segment against the likes …

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Polestar unveils $84,000 electric SUV, Polestar 3, to cement U.S. foothold

Polestar 3 Courtesy of Polestar Swedish electric vehicle manufacturer The North Star unveiled a new electric SUV on Wednesday that it is counting on to expand its sales and presence in the United States. The new model, called Polestar 3, is a five-seat electric vehicle that the company describes as a “performance SUV”. It will …

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United adds new trans-Atlantic flights for summer 2023 in bet on travel recovery

United Airlines Boeing 777ER. Plane for Leonardo da Vinci airport in Fiumicino. Massimo Insabato | Mondadori Wallet | Getty Images United Airlines predicts another big increase in the transatlantic travel schedule, in a bet that consumers will continue to shell out for international trips, some of which have been postponed for years. Next summer, United …

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New cars are finally back in stock, but they come at a steep price

The vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. mario tama | Getty Images DETROIT — New cars are slowly becoming more widely available as supply chain bottlenecks finally begin to ease. But now a growing number of Americans might not want them or be unable …

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LIRR’s $2.5 billion Third Track opens after six decades of debate, planning and construction

The nearly 10-mile third track of the Long Island Rail Road through Nassau County is complete, officials said Monday morning. The $2.5 billion effort had been considered and debated by Long Island planners for more than six decades before construction began in 2019. “It’s the completion of a long, long journey,” Governor Kathy Hochul announced …

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Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda speaks during a small media roundtable on September 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota engine Last week, CEO Akio Toyoda simply said what he would like his legacy to be: “I love cars.” How well the 66-year-old racer, car enthusiast and business scion will be remembered when …

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Carnival shares fall on ballooning costs, dragging cruise stocks lower

The brand new Carnival Cruise Line ship Mardi Gras, docked in Port Canaveral, Florida on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows on Friday after the cruise line released third-quarter results that showed higher costs associated with inflation, supply …

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China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that the “supply chain constraint” will mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it seeks to boost the growth of electric cars. CFOTO | Edition of the future | …

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Boeing to pay $200 million to settle charges in 737 Max probe

A Boeing 737 MAX 7 lands during an evaluation flight at Boeing Field in Seattle, Washington on September 30, 2020. Lindsey Wasson | Reuters Boeing will pay $200 million and then-CEO Dennis Muilenburg will pay $1 million to settle charges of deceptive investors following two fatal 737 Max jetliner crashes, the Securities and Exchange Commission …

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