Business Archives - Page 127 of 144

In 2022, Intel will go public with its self-driving company Mobileye

Posted on December 8, 2021 by Priyanka Patil |

Intel has announced that it will go public with Mobileye, the Israeli self-driving technology company it bought for $15.3 billion in 2017. Intel intends to unlock additional value for its stockholders by listing Mobileye’s shares on the stock market, according…

American Airlines CEO Doug Parker to retire in March, after 20 years

Posted on December 8, 2021 by Priyanka Patil |

After two decades as CEO of American Airlines, Doug Parker will step down next year and be succeeded by the carrier’s president, Robert Isom, on March 31, the company announced Tuesday. Parker’s retirement as CEO of the country’s largest airline…

According to NASA, SpaceX is now the only company capable of providing astronaut taxi services

Posted on December 7, 2021 by Priyanka Patil |

NASA stated in awarding SpaceX more flights that it is currently the only American corporation capable of sending people to the International Space Station. The Hawthorne, California-based company was awarded a sole-source amendment to the existing NASA-SpaceX contract. The change…

Toyota is building a $1.29 billion electric vehicle battery plant in North Carolina

Posted on December 7, 2021 by Priyanka Patil |

Toyota Motor Corporation announced Monday afternoon that it will establish a new $1.29 billion battery plant in North Carolina for electric vehicles. When production begins in 2025, the business anticipates the facility to be able to produce enough lithium-ion batteries…

The White House announces US diplomatic boycott of the Beijing Winter Olympics in 2022

Posted on December 7, 2021 by Priyanka Patil |

As a protest against China’s “ongoing genocide and crimes against humanity in Xinjiang,” White House press secretary Jen Psaki said Monday that the Biden administration will not send an official US delegation to the 2022 Winter Olympics in Beijing. Athletes…

Alibaba names Toby Xu as new Chief Financial Officer

Posted on December 6, 2021 by Priyanka Patil |

Alibaba Group Holding announced on Monday that it would reorganize its foreign and domestic e-commerce businesses and hire a new chief financial officer. The moves come as Alibaba grapples with a slew of challenges, including rising competition, a slowing economy,…

SpaceX has begun building on a Starship launchpad in Florida’s Space Coast, according to Elon Musk

Posted on December 4, 2021 by Priyanka Patil |

Elon Musk, the CEO of SpaceX, revealed on Friday that the business has began construction of a launchpad in Florida for its Starship rockets, as the company seeks to expand its launch locations for the huge rocket now in development.…

The first Tesla Cybertruck, according to Elon Musk, will have 4 motors

Posted on December 4, 2021 by Priyanka Patil |

Tesla has been promising that its shiny, spaceship-like Cybertruck is just around the horizon for quite some time. However, Tesla CEO Elon Musk has been teasing elements of the upcoming pickup truck despite the production delays. When Tesla finally starts…

As two executives step down, Twitter’s new CEO, Parag Agrawal, begins restructuring the company

Posted on December 4, 2021 by Priyanka Patil |

Jack Dorsey, the co-founder and CEO of Twitter, stood down from his position earlier this week. He named Parag Agrawal, the CTO, as the new CEO, effective immediately. According to an internal email acquired by The Washington Post, Agrawal, who…

BMW reveals its new XM hybrid concept vehicle

Posted on December 1, 2021 by Priyanka Patil |

BMW has unveiled a new prototype plug-in hybrid electric vehicle, the company’s first in the M class to use an electric motor. According to a press release from BMW, production of the XM will begin in late 2022 at the…