In recent discussions about the future of electric vehicle (EV) subsidies, Tesla CEO Elon Musk has taken a somewhat surprising stance by endorsing the elimination of all government subsidies, including the $7,500 tax credit for EVs stipulated by the Inflation Reduction Act (IRA). Musk argues that
Eve Air Mobility, a global eVTOL aircraft manufacturer and services provider, has secured a $50 million loan from Citibank N.A. to bolster its aircraft research and development program. This loan increases Eve’s second-quarter 2024 pro forma liquidity to approximately $480 million, which includes t
The COVID-19 pandemic brought numerous industries to a standstill, with the aviation sector taking a significant hit. Airlines faced logistical nightmares as the number of grounded planes surged. In response, Scandinavian Airlines (SAS) found an ingenious solution to manage aircraft maintenance
In an impressive turnaround, the UK’s commercial vehicle (CV) manufacturing sector saw a remarkable 25.9% increase in output in September. Statistics from the Society of Motor Manufacturers and Traders (SMMT) underscore this positive trend, revealing the production of 14,643 vans, buses, trucks, c
Pratt & Whitney, a division of RTX, has secured a substantial contract worth up to $1.3 billion to enhance the F135 engine core of the F-35 Lightning II. The upgrade, known as the Engine Core Upgrade (ECU), is designed to bolster the engine's durability while improving power and cooling
Natilus, a Californian aerospace manufacturer, has recently unveiled its pioneering passenger aircraft, 'Horizon'. This aircraft is making significant headlines due to its cutting-edge blended-wing-body (BWB) design, which promises to revolutionize the aviation industry through enhanced
