Zunum Aero emerges from stealth mode with big plans for hybrid electric planes

“This is our coming out of stealth,” said Ashish Kumar, the founder and CEO of the company, which is headquartered in Kirkland, Wash. Zunum, whose name comes from the Mayan word for hummingbird, aims to develop 10- to 50-seat aircraft that can pave the way for what Kumar calls a “golden age of regional travel.” … Continue reading Zunum Aero emerges from stealth mode with big plans for hybrid electric planes

Tesla briefly tops GM as America’s most valuable automaker, amazing analysts

For a time on Monday, Tesla edged out GM in market capitalization to become the most valuable U.S. automaker, even though Tesla is on track to lose almost a billion dollars this year while GM is expected to make a $9 billion profit. The share prices for both car companies dipped today, putting GM ever … Continue reading Tesla briefly tops GM as America’s most valuable automaker, amazing analysts