General Motors’ Cruise self-driving vehicle unit has announced the redeployment of cars on U.S. roadways, starting with a small fleet of human-driven vehicles in Phoenix. This comes after a hiatus following an accident involving a pedestrian in San Francisco, leading to a temporary halt in operations since October. Instead of functioning as robotaxis, the redeployed
Spirit Airlines, facing financial difficulties, has announced that it will be deferring deliveries of new Airbus planes and initiating pilot furloughs in an effort to increase its liquidity. While these decisions are not easy, they are deemed necessary to ensure the airline’s future success. CEO Ted Christie emphasized the importance of these steps in a
The recent Disney shareholder vote saw the re-election of the media conglomerate’s full board, dealing a significant blow to activists Nelson Peltz and Ike Perlmutter. Peltz-led Trian Partners pushed for change within the company, aiming to remove directors who were allegedly responsible for sustained share underperformance and misguided investments. However, their efforts fell short as