On Thursday, Tesla Chief Executive Elon Musk said he plans to move the electric carmaker’s headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where the company is building a massive car and battery manufacturing complex. Tesla joins Oracle, HP, and Toyota in moving its headquarters from California to Texas. While Silicon Valley is […]
Gulfstream Aerospace has described the G800 as the longest-range aircraft in the Gulfstream fleet while the G400 has been described as the first new entrant to the large-cabin class in over a decade. The G800 will eventually come to replace the G650ER, with an 8,000-nautical-mile range at Mach 0.85 and a 7,000-nautical-mile range at Mach […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
A true veteran of the automotive industry, Torsten spent more than 13 years rising through a variety of positions at BMW Group. He took on roles in the Sales and Marketing Division, but became best-known for his impressive tenure as Director of the MINI brand between 2000 and 2003. He successfully relaunched MINI internationally as […]
Business leaders have said that urgent changes to the visa system are needed as retailers struggle to keep shop shelves stocked, and restaurants run out of food and drink amid the supply chain chaos caused by Brexit and the pandemic. Earlier this week, it was reported that fast-food giant McDonald’s had run out of milkshakes […]
Miguel Leitmann, CEO of Vision-Box, explains how the COVID-19 pandemic has affected the aviation and travel sector. The COVID-19 pandemic resulted in an unprecedented global collapse for the travel industry compounded by the sharp downturn for the air transport sector and its supply chain. The result, which continues to play out today against the backdrop […]
As Boeing’s new CFO, West will take on the challenge of leading the company out of the coronavirus crisis, which resulted in record losses of almost $12 billion for the aerospace company last year. West currently stands as the CFO of Refinitiv, a role he has held since 2018, and formerly held the position of […]
Benedetto Vigna will join the sports car powerhouse in Maranello coming from STMicroelecronics, the French-Italian semiconductor manufacturer headquartered in Geneva. Vigna, a physicist by training, rose through the ranks at STMicroelectronics by establishing the business on micromechanical systems, then going on to broader responsibilities and currently leading STMicroelectronics’ most profitable operating business which is a […]
Just a month on from Norwegian exiting bankruptcy protection, the company’s CEO, Jacob Schram, is stepping down after 18 months in the role. Current CFO, Geir Karlsen, is set to take his place. Karlsen has been with Norwegian as its CFO since April 2018. He temporarily took on the position of CEO when former Bjorn […]
Virgin Atlantic has suggested that the electric vertical take-off and landing vehicles (eVOTL) could fly between towns and major airports, operating as an air taxi service. The launch would come as part of a partnership with Bristol-based Vertical Aerospace, which is set to conduct test flights this year. Virgin Atlantic isn’t the only company to […]
Just like a company, nations use their image to attract investment - and for a lucky few, the Mars race could become the biggest brand booster of the century.
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