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Shifting Gears: Tesla's Cybertruck, a bombshell union lawsuit, BI's Car of the Year, and holiday shipping heats up.
Shifting Gears: Tesla's Cybertruck, a bombshell union lawsuit, BI's Car of the Year, and holiday shipping heats up.
Graham RapierNov 23, 2019, 01:07 IST
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Happy Friday and welcome to Shifting Gears, Business Insider's weekly round-up of the biggest transportation news.
Tesla is dominating the news Friday, with the reveal of its long-awaited Cybertruck, but there was no shortage of other stories. In today's issue, we've got updates on the impending holiday travel (and shipping) crunch, FCA's juicy lawsuit against GM, Boeing-versus-Airbus drama, and more.
Thursday night, before a packed house at Tesla's design studio in Hawthorne, California, CEO Elon Musk finally unveiled the electric "Cybertruck" he's been working on since at least 2013.
The event was action-packed, and I don't say that lightly. It had lasers, fire, creepy animated figures, and even a Tesla ATV.
But not everything went according to plan. The truck's "armor glass" windows got smashed. Twice. On purpose.
Did I say 737 Max? You bet. There's still no end in sight for the embattled jet. This week, Boeing shareholders sued the company's board, alleging "careless" handling of the plane's development and the crisis that followed.
There's one week fewer between Thanksgiving and Christmas this year, and that's making things even worse (or better) as e-commerce becomes the dominant holiday shopping choice.
Amazon's in-house delivery network is set to face its biggest challenge yet, as the retail giant doubled down on competing with UPS and FedEx.
Speaking of FedEx, you might have seen that the company paid $0 in federal income taxes for 2018. That's a point the CEO rejected, touting the company's voluntary pension payment as an example of ways it's helping invest in its employees and community.
Uber's founders are cashing out. Former CEO Travis Kalanick has now sold well over $1 billion in stock as he scales up his deliveries-only "ghost kitchen," and his cofounder Garrett Camp has made significant sales too, according to regulatory filings.
In a bombshell 95-page lawsuit this week, GM accused executives of its crosstown Italian rival of bribing United Auto Workers officials in order to undercut competition and violating federal labor law in the process.
Business Insider will reveal its 2019 Car of the Year on Saturday, November 23. Ahead of that, we took another look at the five vehicles that were runners-up selected from a pool of 16 finalists. Thus far, we've named the Lamborghini Urus, Nissan Leaf SL Plus, Cadillac XT4, the Mercedes-Benz A220, and the Porsche Cayenne Turbo SUV.