Bloomberg Tesla Motors Inc., the electric-car maker run by billionaire Elon Musk, hired Audi AG’s Peter Hochholdinger to help oversee production as it seeks to boost vehicle output about 10-fold by 2018. Hochholdinger will be vice president of vehicle production, Tesla said. He’ll be expected to boost production of Model S and Model X cars while building a manufacturing ...

  Bloomberg Singapore Airlines Ltd. is fighting to prevent travellers from switching to Emirates Airline, which is offering luxuries like on-board shower, while budget carriers are chipping away at the coach class. The result: The lowest yield from passengers in six years. Yields, or the revenue earned from a passenger for flying a kilometer, was 10.6 Singapore cents in the ...

  Bloomberg The US government hopes to expedite the hiring of more than 500 security screeners to stem the long wait times expected at airports this summer. The Transportation Security Administration (TSA) wants to get those new workers in place as soon as possible, Homeland Security Secretary Jeh Johnson, who oversees the agency, said in a press conference at Washington ...

  Bloomberg Stung by competition from ultra-discount carriers, American Airlines Group Inc. and United Continental Holdings Inc. are striking back with cheap, no-frills tickets of their own. By year-end, the pair plans to lure budget travelers with basic-economy fares — inexpensive tickets that don’t include typical benefits like an assigned seat before you get to the airport. Taking a cue ...

  Bloomberg Asia’s biggest aircraft lessor is seeking to raise $1.1 billion to fund an expansion as the region is poised to become the world’s top air travel market in about two decades. BOC Aviation Ltd., the Singapore-based company that has more than 100 planes leased out to airlines around the world, will sell new and existing shares at HK$42 ...

  New York / AFP The dollar jumped this week after a better-than-expected rebound in US retail sales last month erased some doubts about the strength of the US economy. But the yen also gained, shrugging off more efforts by Tokyo to talk it down from recent highs. The greenback was up 0.6 percent on the euro and the pound, and ...

  Honolulu / AP Hawaiian Airlines secured the right to begin flying nonstop between Tokyo and Kailua-Kona, bringing a regularly scheduled direct flight from Japan to the Big Island for the first time since 2010. The news came as the US Department of Transportation said it awarded a new nighttime departure slot at Tokyo’s Haneda International Airport to Hawaiian. Hawaiian plans ...

  Bloomberg Boeing Co. is studying redesigned versions of the 737 Max jetliner, cutting costs and rolling out more robotics in factories to keep pace with relentless competition in the global aerospace market. But there are limits to what the US planemaker will do in its battles with old foe Airbus Group SE and newer rival Bombardier Inc., executives said ...

  Bloomberg Chancellor Angela Merkel’s government is offering home and factory owners at least €13 billion ($14.8 billion) in loans and subsidies over the next four years to reduce the carbon emitted from their properties. The money, earmarked in the mid-term federal budget plan, will be disbursed to property owners who sign up to programs to cut power and heat ...

  Bloomberg British Columbia took over as Canada’s fastest growing economy last year on the back of its red-hot real estate market, while Alberta fell to last place. Gross domestic product in the westernmost province grew 3 percent in 2015, the fastest since 2006, led by a 5 percent gain in real estate-related services. It marks the first time — ...