Virgin Orbit returning ‘small’ team from unpaid pause on Thursday to prep for next rocket launch

Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next … Read more

Dodge resurrects controversial Challenger SRT Demon for final year of V8 muscle cars

2023 Dodge Challenger SRT Demon 170 Dodge DETROIT — Dodge is resurrecting its controversial muscle car model, the Challenger SRT Demon, as a final special edition of the vehicle before production of the brand’s current V8 engine cars ends later this year. The limited-edition drag racing car will be the fastest, most powerful version of … Read more

Virgin Orbit scrambles to avoid bankruptcy as deal talks continue

Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned. The rocket builder paused operations last week and furloughed most of the company, as … Read more

General Motors’ China business is hurting, and it’s not just because of Covid

A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China’s Shandong province, Jan. 28, 2023. (Photo credit should read CFOTO | Future Publishing | Getty Images General Motors is losing ground in China, its top sales market for … Read more

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