But it has not been enough for Ishtiaq Ahmed, 42, who works for Uber and Lyft and lives with his wife and four children in Brooklyn. Mr. Ahmed said that, more than a decade ago, he used to earn $700 to $800 a day with the app services. Now, he is lucky to make $140.… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Author: New York Times Online News
Tesla Had a Bad Year. Some Investors Are Blaming Elon Musk.
In a down year for stocks, the 65 percent drop in Tesla’s share price stands out for the scale of wealth vaporized and the unorthodox behavior of its chief executive, Elon Musk. The collapse of Tesla’s stock price destroyed about $672 billion in market value. And Mr. Musk, once hailed as a genius who remade… Continue reading Tesla Had a Bad Year. Some Investors Are Blaming Elon Musk.
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
“A plant can’t be permanently shuttered without the buy-in from the U.A.W.,” Ms. Dziczek said. “So this is a really significant round of talks coming up.” The Detroit automakers have idled plants ahead of past contract negotiations, only to reopen them after bargaining with the union. In 2019, G.M. was winding down production at its… Continue reading Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
Black Ice and White Knuckles: Braving the Elements on Iceland’s Ring Road
The studded tires on our rented Toyota minivan were spinning, but we were not getting out of that three-foot snowbank along a remote Icelandic road without some help. Fortunately, I spotted a passing 4×4 tour vehicle and flagged down the driver, who shook his head as he rolled down the window. “What are you guys… Continue reading Black Ice and White Knuckles: Braving the Elements on Iceland’s Ring Road
Elon Musk’s Distraction Is Just One of Tesla’s Problems
Production headaches on three continents. Intensifying competition. A plunging share price. And a distracted chief executive seemingly bent on alienating some of the company’s most loyal customers. A growing list of problems at Tesla, the world’s most valuable car company, is puncturing its mystique as the segment’s technology leader, leading analysts and investors to question… Continue reading Elon Musk’s Distraction Is Just One of Tesla’s Problems
Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits
Ford maintains that arbitration is a better way to resolve disputes. Resolution of claims “should be fair, fast, efficient and proportional to the dispute,” Ian Thibodeau, a Ford spokesman, said in an email. “Arbitration often achieves those goals faster and more effectively than the court system.” In another recent case, though, a federal judge in… Continue reading Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits
GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
The main federal auto safety agency disclosed on Friday that it has begun a preliminary investigation into cars that a division of General Motors has been testing as driverless taxis in San Francisco. The agency, the National Highway Traffic Safety Administration, said in a filing posted on its website that it had received reports that… Continue reading GM Unit’s Self-Driving Taxis Are Subject of US Safety Investigation
A Formula 1 Season of Musical Chairs
When he announced, on July 28, his decision to retire at the end of the season, Sebastian Vettel could not have foreseen the domino effect that would follow. Four days later, Aston Martin announced that Fernando Alonso would replace Vettel. What is known as “the silly season” — referring to all the talk that begins… Continue reading A Formula 1 Season of Musical Chairs
F1 Car Design Changes Made Overtaking More Common
Esteban Ocon of Alpine thought the new cars had improved the racing. “There were a lot of races that were mega with close fights,” he said, picking Saudi Arabia and Brazil as two of the most exciting. He said the back-and-forth overtaking reminded him of go-kart racing. Formula 1: On and Off the Track It… Continue reading F1 Car Design Changes Made Overtaking More Common
For Ferrari, a Second-Place F1 Season Full of Mistakes
Ferrari began the season with a strong one-two finish in the first race and a win in the third, prompting team hopes that it would finally land its first title since 2008. But it fell short, finishing second in the constructors’ and drivers’ championships and is now searching for a new team principal. One of… Continue reading For Ferrari, a Second-Place F1 Season Full of Mistakes