News
CFM wins approval for jet engine durability boost
6+ hour, 56+ min ago (245+ words) FARNBOROUGH, England, July 18 (Reuters) – Jet engine maker CFM International said it had won U.S. and European approvals for an upgrade that would improve durability of engines used on Boeing 737 MAX jets. The world’s largest engine maker by units sold, jointly…...
Aston Martin says it is in talks for potential funding to boost liquidity
1+ day, 7+ hour ago (209+ words) July 17 (Reuters) – Luxury carmaker Aston Martin said on Friday it has ongoing discussions with potential financing providers, following a media report that it is in talks with lenders including BlackRock-owned HPS Investment Partners.Here are some details: • The company said…...
China tells automakers to boost safety, quality checks
1+ day, 9+ hour ago (135+ words) (Adds topic codes, no changes to text) BEIJING, July 17 (Reuters) – China’s industry ministry on Friday called on automakers to resist “irrational competition” and ensure the safety of cars, car parts and assisted and autonomous driving systems, a statement from the…...
Truckmaker Volvo’s Q2 operating profit rises, orders jump
1+ day, 17+ hour ago (88+ words) STOCKHOLM, July 17 (Reuters) - Swedish truckmaker Volvo Group reported on Friday a rise in second-quarter operating profit that roughly matched expectations and said its truck order intake increased by 33% from a year earlier. (Repor... Truckmaker Volvo’s Q2 operating profit rises, orders jump…...
Volvo Cars posts smaller profit for the second quarter
1+ day, 17+ hour ago (143+ words) STOCKHOLM, July 17 (Reuters) - Sweden's Volvo Cars on Friday reported a decline in profits for the second quarter compared with the first three months while the automaker hopes to speed up its recovery with deliveries of the new EX60 electric ... STOCKHOLM, July…...
US agency denies Tesla petition to avoid recall fix over headlight issue
2+ day, 7+ hour ago (264+ words) WASHINGTON, July 16 (Reuters) – The National Highway Traffic Safety Administration on Thursday said it was denying a 2024 petition filed by Tesla to avoid a recall fix for nearly 20,000 vehicles with headlights that may exceed maximum lighting levels. Tesla argued the issue…...
GE Aerospace pushes back on GEnx delay concerns, says Boeing has months of engine supply
2+ day, 9+ hour ago (293+ words) CHICAGO, July 16 (Reuters) – GE Aerospace CEO Larry Culp pushed back on Thursday against concerns raised by Boeing that GEnx engine delivery delays could hold up the planemaker’s 787 production ramp-up, citing a sharp increase in shipments of the engines. GE’s deliveries…...
Electra taps Safran for 250 turbogenerators to power hybrid-electric EL9
3+ day, 10+ hour ago (304+ words) July 15 (Reuters) – Electra said on Wednesday it has signed a production agreement with France’s Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft startup looks to advance certification efforts. The company said the deal includes an initial order for 250 TG600 turbogenerators,…...
US drivers may soon see pump prices climb back up to $4
4+ day, 51+ min ago (547+ words) NEW YORK, July 14 (Reuters) – Americans could soon see gasoline prices top $4 a gallon again as renewed hostilities between the U.S. and Iran have pushed energy prices higher by paralyzing traffic through the Strait of Hormuz, a critical route for global…...
Misuse of driver-assistance systems biggest risk to road safety, survey finds
4+ day, 49+ min ago (356+ words) MILAN/STOCKHOLM, July 15 (Reuters) – Motorists’ misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for road safety, according to a survey of transport specialists. The survey, published on Wednesday, reflects…...