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1 | Lyft's new CEO, David Risher, sent the company an email on Friday about a restructuring that will see the layoff of more than 1,200 full-time employees (~30%). In March, Risher said the company might want to drop its shared rides service, among other features, to focus on the core ride-hailing business. 
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2 | California reached 1.5 million zero-emission vehicles sold, which the state's Energy Commission had projected for 2025. Year-to-date, EVs comprise 21% of passenger car sales in California. |
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3 | A Cirium analysis of available seat miles over the past seven years across 16 airlines in North America found that budget carriers had more passengers using Airbus aircraft, including Viva, Spirit, Frontier, and Volaris. The low-cost air travel market is expected to grow at an estimated $248.65B from 2022 to 2027. |
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5 | ZeroAvia announced its plans to work with Absolut Hydrogen to evaluate production and refueling at airports. The aircraft manufacturer previously signed similar agreements with Finnish energy company Fortrum and Shell for its operations at Rotterdam airport. |
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6 | Small EV company Arcimoto is replacing Jesse Fittipaldi as CEO with board member Christopher Dawson after announcing it faced "substantial doubt" about continuing operations. Fittipaldi had been interim CEO since Mark Frohnmayer was removed from the role three weeks after driving the company's vehicles on suspicion of DUI. |
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7 | General Motors is recalling 40,428 medium-duty trucks built by Navistar due to a fire risk from fluid leaking into a pressure sensor assembly, as there have been 11 instances involving 2019 to 2023 Chevrolet Silverado 4500HD, 5500HD, and 6500HD units. In 2022, GM sold 523,249 Silverado trucks, decreasing by 1.23% YoY. |
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