Cruise

Travel Industry Stocks Plummet Amidst Heightened Growth Concerns

22 days ago

In a disconcerting turn for the travel sector, stocks of major airlines, cruise lines, and online travel agencies have experienced significant declines as fears over growth prospects continue to spiral. The mounting concerns are largely attributed to a confluence of economic factors, including rising inflation rates, fluctuating consumer spending, and ongoing uncertainties surrounding global travel recovery.

Viking Cruises Reports Steady Demand for Luxury Cruise Travel Amid Market Uncertainty

22 days ago

In a recent announcement, Viking, a leader in luxury river and ocean cruising, has reported no indications that demand for upscale cruise travel is slowing down. As the effects of a fluctuating economy are felt across various sectors, Viking’s optimism stands out, indicating strong continuing interest from travelers seeking unique experiences on the water. This resilience in demand reflects ongoing recovery in the travel industry following the pandemic disruptions.

GM's Cruise to Lay Off 1,000 Employees Amid Robotaxi Service Shutdown

2 months ago

In a surprising move that has sent ripples through the tech and automotive industries, General Motors' autonomous vehicle subsidiary, Cruise, announced it will be terminating approximately 1,000 positions. This decision comes in the wake of the company’s decision to wind down its robotaxi service, a venture that was seen as a major investment in the future of transportation.

US Concludes Safety Investigation into GM's Cruise Robotaxi Division

3 months ago

The United States government has officially closed its long-running safety investigation concerning General Motors' autonomous vehicle unit, Cruise. This decision marks a significant step for the future of self-driving technology and its integration into urban transportation systems.

Mexico Halts Cruise Ship Tax and Shields Wheat from Tariffs Amid Economic Concerns

3 months ago

In a move aimed at stimulating tourism and easing the burden on consumers, the Mexican government has announced a delay on an anticipated tax for cruise ships. This decision arrives as a relief to industry stakeholders and reflects Mexico's ongoing efforts to fortify its economic landscape in challenging times.

Tech Giants Take the Lead as Cruise Exits the Robotaxi Race

4 months ago

In a significant shift within the autonomous vehicle landscape, Cruise, a prominent player in the robotaxi sector, has decided to abandon its ambitions in this burgeoning market. This strategic retreat leaves a vacuum that formidable tech giants, including Google, Amazon, and Tesla, are now poised to fill. The implications of this exit ripple across the entire industry, shifting the focus onto those companies that continue to invest heavily in the development of self-driving technologies.

Honda Scales Back Its Investment in Self-Driving Taxi Venture with GM

4 months ago

In a significant shift within the autonomous vehicle sector, Honda has announced plans to reduce its financial support for its self-driving taxi partnership with General Motors (GM). This decision reflects broader challenges facing the autonomous vehicle industry, including rising costs and lengthy development timelines that have hindered the commercialization of self-driving technology.

GM Exits Robotaxi Venture: A Major Shift in Autonomous Vehicle Strategy

4 months ago

In a significant turn of events for General Motors (GM), the company has announced the winding down of its robotaxi operations, which were once touted as a flagship initiative under the leadership of CEO Mary Barra. This decision marks a pivotal change in GM’s approach to autonomous vehicles, a space where competition has intensified and challenges have mounted over the past few years.