January2023
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McDonald’s to build more restaurants as part of an updated business strategy
Jan 7, 2023Burger chain McDonald’s Corp said on Friday that it will review corporate staffing levels and aim to build more restaurants as part of an updated business strategy. The new plan, announced in a letter from Chief... -
Salesforce Inc to cut costs by $3 billion to $5 billion
Jan 7, 2023Cloud-based software firm Salesforce Inc is looking to cut costs by $3 billion to $5 billion, Chief Executive Marc Benioff told company insiders this week after announcing layoffs, Fortune reported, citing an audio recording of a... -
GM wants the U.S. Treasury to reconsider classification of Cadillac Lyriq to allow it to qualify for federal tax credits
Jan 7, 2023General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the... -
15,000 American Airlines pilots voiced concerns regarding the new cockpit protocols enforced by the airline
Jan 7, 2023The union representing 15,000 American Airlines pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such... -
Mobileye Global Inc sees more than $17 billion in revenues for ADAS products by 2030
Jan 7, 2023Intel Corp’s self-driving tech unit Mobileye Global Inc said on Thursday it sees more than $17 billion in revenues for its advanced driver assistance systems (ADAS) products by 2030. Jerusalem, Israel-based Mobileye, which went public in... -
Volvo’s car sales grew in December but fell for the full year due to lockdowns in China
Jan 7, 2023Sweden-based Volvo Cars said on Thursday its car sales grew in December but fell for the full year due to lockdowns in China, component shortages and other supply chain trouble. Volvo Cars, which is majority-owned by... -
Mercedes-Benz to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China
Jan 7, 2023Mercedes-Benz is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday. The carmaker will commence construction in North America this... -
Chinese automakers can build EV for 10,000 euros less than European automakers, Forvia said
Jan 7, 2023Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put pressure on European manufacturers in their home market, the head of auto supplier... -
Mercedes-Benz to deploy advanced automated driving systems on Nevada roads after it completed a self-certification
Jan 7, 2023The Nevada Department of Motor Vehicles (DMV) said on Thursday that German carmaker Mercedes-Benz can deploy advanced automated driving systems on its roads after it completed a self-certification. The automaker said the Nevada DMV approved its... -
Southwest Airlines expects to post a loss in Q4 after it canceled over 16,700 flights between Christmas and New Year’s Eve
Jan 7, 2023Southwest Airlines Co said on Friday it expects to post a loss in the fourth quarter after it canceled over 16,700 flights between Christmas and New Year’s Eve due to a tech meltdown. The mass cancellations...
