Transportation

Speaking at an investor conference, Boeing's CFO said the cash deployment move won't reduce its cash balance of about $11 billion.

Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016, a local media reported on Thursday.

Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover, but high prices have made attractive targets scarce now, its vice chairman said on Friday.

The maker of electric cars plans to pay off a loan from the Department of Energy with the proceeds from an offering of common stock and convertible senior notes.

Boeing struck a close to $7 billion airplane deal with Turkish Airlines on Tuesday for a slew of aircraft from its family of 737s.

United Continental is preparing to reintroduce the 787 as early as May 20 as Boeing works to convert the airline’s six Dreamliners to meet new standards.

Chrysler said it will recall 301,283 vehicles to address several issues, including a problem that could cause some to shift into neutral.

Shares of the electric car maker were racing nearly 30% higher after a first-quarter earnings report revealed increased production of its flagship Model S.

The U.S. automaker recorded a 37% sales increase in China last month, led by demand for the Ford Focus and new Kuga models.

Ethiopian Airlines will seek compensation from Boeing for the 787 battery blunder that left 50 Dreamliners on the ground for several months and stunted deliveries.

The company reported it lost five orders for its 747 jumbo jet and gained one order for its 777 wide-body plane in the latest week.

The automaker is adding a third shift to its Kansas City assembly plant to increase production of F-150 pickup trucks as demand for the vehicles rises.

The three big U.S. automakers posted better-than-expected sales as consumers snapped up pickup trucks and compact sport-utility vehicles.

The automaker reported its new-vehicle sales increased 18% in April as demand for its fuel-efficient Fusion and Escape continued to rise.

Strong demand for Ram pickup trucks pushed sales up for the automaker to 156,698 vehicles, slightly beating expectations.

An executive at the company said its plans to launch redesigned full-size pickup trucks, which is critical to improving profitability, remains on track.

The shipping giant reported a 6.9% jump in first-quarter profit amid a post-holiday season that surpassed expectations, while revenue missed estimates on a lagging international segment.

Regulators published a new rule that governs the lithium-ion batteries on Boeing's 787 passenger jet, more than three months after battery problems grounded the plane worldwide.

The discount carrier reported its earnings came to $14 million for the quarter as operating costs rising at a greater pace than revenue.

The aerospace giant's CEO said in a conference call he expects to resume 787 Dreamliner deliveries in early May after being halted since January.