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Goodyear's biodegradable concept tire regenerates its tread

Goodyear's biodegradable concept tire regenerates its tread

March 5, 2020by Jelani HarperGoodyear recently unveiled a tire concept that could revolutionize the auto industry. Dubbed , this concept tire would never require replacements or rotations because it regenerates its tread as needed.In addition to eliminating flat tires and the need to check pressure, the concept's regeneration features would be customized to the driving habits and conditions of individual motorists courtesy of a combination of AI and telemetry data.The crux of reCharge's regeneration capabilities is a biodegradable, reloadable liquid compound that's recharged by capsules....

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Mar 5, 2020
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Airline revenues to nosedive by 55% in 2020: IATA

Airline revenues to nosedive by 55% in 2020: IATA

April 14, 2020Airline passenger revenues are set to plunge by 55 percent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association said Tuesday.It marks a sharp worsening of the forecast for the , as just three weeks ago the decrease was predicted to be 44 percent, or $252 billion."The industry's outlook grows darker by the day," said IATA chief executive Alexandre de Juniac."The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming back faster than the...

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Apr 14, 2020
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Virus lockdowns send European car sales down 55%

Virus lockdowns send European car sales down 55%

April 17, 2020European automobile sales fell by 55 percent last month due to the coronavirus outbreak as lockdown measures went into effect in most nations, the industry's trade association said Friday.New car registrations—a proxy for sales—slumped to 567,308 vehicles last month, compared to over 1.2 million during the same month last year, the European Automobile Manufacturers Association (ACEA) said."All 27 EU markets contracted in March, but Italy took the biggest hit, with registrations falling by 85.4 percent to 28,326 new cars," the European Automobile Manufacturers Association...

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Apr 17
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American Airlines posts $2.2 billion loss during pandemic

American Airlines posts $2.2 billion loss during pandemic

April 30, 2020by David KoenigAmerican Airlines lost $2.24 billion in the first quarter as the coronavirus pandemic triggered a sharp drop in air travel, and the airline is taking steps to survive but as a smaller carrier.American disclosed Thursday that revenue fell 19% while costs continued to rise even as the virus spread.The situation facing the airline industry has grown more dire since the first quarter ended, as air travel in the U.S. during April remained down 95% from a year ago, judging by the number of people screened at the nation's airports."Never before has our airline, or our...

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Apr 30
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'I'm cheering for you': Robot welcome at Tokyo quarantine

'I'm cheering for you': Robot welcome at Tokyo quarantine

May 1, 2020Coronavirus quarantine can be lonely, but at one Tokyo hotel converted to accept patients with mild symptoms, a humanoid robot will be there to offer support and encouragement—as well as admonishments and warnings."You can't fight the coronavirus on an empty stomach. Please eat well to get healthy," is among the messages that the pint-sized Pepper will be delivering to coronavirus patients waiting out their quarantine at one Tokyo establishment.The local government has been working with hotels to secure rooms for patients with , hoping to free up space in hospitals that are...

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May 1
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Amazon profit falls as pandemic-related costs rise

Amazon profit falls as pandemic-related costs rise

May 1, 2020by Joseph PisaniAmazon's sales soared in the first three months of the year, as more home-bound people shopped online amid the coronavirus pandemic.But getting millions of packages to shopper's doorsteps is expensive. The rising costs pushed Amazon's first-quarter profit down 29% and its earnings missed Wall Street expectations. Amazon shares slipped about 5% in after-hours trading Thursday.And CEO and founder Jeff Bezos says Amazon will spend more.Bezos said he expects the company to spend $4 billion "and perhaps a bit more" in the second quarter. That money will go to pay...

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May 1
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UPS to deliver medicine by drone to large Florida retirement community

UPS to deliver medicine by drone to large Florida retirement community

April 29, 2020by Kelly Yamanouchi, The Atlanta Journal-ConstitutionUPS plans to use drones for deliveries of prescription medicines from a CVS pharmacy to The Villages retirement community in Florida.The shipping giant said the service by its -subsidiary UPS Flight Forward will support social-distancing efforts and allow faster same-day of medicines as an alternative to visiting a pharmacy.At the start, the service will combine the and regular delivery vehicles. The first flights will be less than a half-mile long to a location near The Villages, then a ground vehicle will deliver the...

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Apr 29
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Air traffic plunges 53% in March: IATA

Air traffic plunges 53% in March: IATA

April 29, 2020World air traffic suffered a massive drop of more than half in March compared with the same period last year thanks to coronavirus-related travel restrictions, the airline industry's trade body said Wednesday.The 52.9 percent drop when measured by total revenue per passenger kilometres "was the largest decline in recent history, reflecting the impact of government actions to slow the spread of COVID-19", said the International Air Transport Association (IATA).Many of the roughly 290 airlines who are members of the Association have been hard hit by the slump in air travel...

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Apr 29
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Boeing to cut 10% of work force as 1Q revenue, profit slide

Boeing to cut 10% of work force as 1Q revenue, profit slide

April 29, 2020by David KoenigBoeing is cutting about 10% of its work force and slowing production of planes to deal with a downturn in business that started with the grounding of its best-selling jet and has accelerated because of the coronavirus pandemic.Boeing Co. said Wednesday it has started to shrink through attrition, paying people to leave, and "layoffs as necessary."The company began the year with about 161,000 employees.Boeing announced the as it reported a loss of $641 million in the first quarter. It earned $2.15 billion in the same period last year. Revenue fell 26%, to $16.91...

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Apr 29
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KLM gets 3.4 bn euro Dutch bailout

KLM gets 3.4 bn euro Dutch bailout

June 26, 2020The Dutch government on Friday approved a 3.4-billion-euro ($3.8-billion) bailout to prop up KLM through the coronavirus pandemic.The aid package comes after Paris pledged seven billion euros for partner airline Air France after the outbreak brought international air travel to a near-standstill."The aid consists of a guarantee for of up to 2.4 billion euros and a direct loan from the state of up to one billion euros," a Dutch government statement said.Air France-KLM said the loans would help the airline "overcome the and prepare for the future.""These loans will enable KLM to...

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Jun 26
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