Dennis Tito made history on April 28, 2001 as the first space tourist, launching on a Russian Soyuz to the International Space Station. Twenty years later, companies are lining up for their share in a lucrative space tourism pie.
Ford swings to $3.3B net profit in Q1, warns of 50% cut in Q2 output
Ford lowered the top end of its full-year guidance, with the semiconductor shortage costing an estimated $2.5 billion. The company now expects to lose 1.1 million units of production throughout 2021.
Disney World pays staff to get COVID-19 vaccine, as other Orlando companies successfully promote shots
Walt Disney World employees who are fully vaccinated by Sept. 30, either through the single-dose vaccine or both doses of a two-dose vaccine, may get a payment equal to four hours of pay.
BMW finally buckles under the strain of global chip shortage
BMW was one of the last remaining major automakers unscathed by a shortage of chips expected to cost the industry tens of billions of dollars in revenue this year.
The union has raised concerns with GM and Ford about joint venture and potential EV operations set up by the automakers and supplier partners that so far are not represented by the union.