Transportation
- Rivian announces new AI tech, in-house chip and robotaxi ambitions - The company has also developed AI models to power its Autonomy+ subscription, which it intends to roll out early next year for $2,500 upfront or $49.99 a month.
- Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
- Rivian turns to AI, autonomy to woo investors as EV sales stall - Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.
- Trump trade war shift away from Chinese manufacturing has reached tipping point - A long-term supply chain shift pulls the rest of Asia even with manufacturing giant China, but for importers, a short-term cash crunch from tariffs is looming.
- Trump administration waives $11 million fine for Southwest Airlines' 2022 holiday meltdown - The Trump administration said it will forgive the last $11 million of a fine against Southwest Airlines that stems from the carrier's 2022 holiday meltdown.
- Plans to raise Vincent Thomas Bridge rejected - The Port of Los Angeles had hoped to raise the height of the Vincent Thomas Bridge to allow larger cargo ships to pass underneath.
- Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
- Trump's South Korea tariff cuts are major boost for Hyundai and GM - The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.
- Airbus shares fall on reports of new quality issue on dozens of A320 aircraft - Shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on Monday morning.
- Airbus A320 recall disrupts global travel after glitch linked to solar flares - The European Union Aviation Safety Agency said in a directive that a JetBlue flight on Oct. 30 experienced an "uncommanded and limited pitch down event."