business

Max Knoblauch4/22/25

Boeing is offloading parts of its digital aviation solutions unit for $10.55 billion

Boeing is selling a sizable chunk of its digital aviation solutions business — including its interactive flight planning and navigation subsidiary, Jeppesen — to private equity firm Thoma Bravo for $10.55 billion.

Boeing acquired Jeppesen, which is profitable, in 2000 for $1.5 billion. The plane maker has been shopping it around for months as part of CEO Kelly Ortberg’s goal to shrink the company’s $58 billion debt load.

Boeing has had some success in its effort to recover from several quarters marred by production missteps and a seven-week strike. It nearly closed its delivery gap with European rival Airbus in the first quarter.

Still, tariffs aren’t making things easy. China recently ordered its airlines to stop taking deliveries from the plane maker, and a few airplanes bound for China appear to have been returned to sender. Boeing will report its first-quarter results on Wednesday.

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Max Knoblauch4h

After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credit’s expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credit’s expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

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Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

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