DOJ is expected to block JetBlue-Spirit merger / Cruise is reviewing components to cut costs

Plus, VinFast's parent company launches scooters

Inside Transportation March 07, 2023

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1. The Department of Justice and the Department of Transportation are reportedly expected to block JetBlue's $3.8B acquisition of Spirit Airlines. In February, JetBlue said it was prepared to go to court to defend the merger. Q: Spirit and JetBlue agreed to give up slots at Ft. Lauderdale-Hollywood, where they had a 30% and 19% market share, respectively. Should the merger be allowed? Share your thoughts on Inside.com.

2. Cruise is reviewing the number of components for its self-driving vehicles as it seeks to cut costs. Last year, Ford and Volkswagen decided to close down Argo's self-driving in favor of working on L2 and L3 driver-assist technology.

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3. The National Highway Traffic Safety Administration is auditing Zoox over its self-certification of a robotaxi without traditional driving configurations. In February, Zoox began testing self-driving rides for employees in California.

4. VinFast's parent company, Vingroup, announced the creation of a new electric scooter company, Green and Smart Mobility Joint Stock Company. Earlier this month, VinFast delivered its first 45 cars to U.S. customers.

5. General Motors signed a memorandum of understanding with the United Arab Emirates' Tawazun Council to collaborate on the development of mobility and power solutions for military applications. Earlier this month, GM let go of 500 staff positions as part of its $2B cost savings plan for the next two years.

6. AIRO Group Holdings, the developer of the Jaunt Journey eVTOL, announced a merger with Kernel Group Holdings, a special-purpose acquisition company. Last year, the Dallas-based company announced its plan for an air taxi network in Canada in collaboration with vertiport developer Vertiko Mobility. Q: Where should eVTOL companies establish their networks? Share your thoughts on Inside.com.

7. NIO sold 12,157 electric cars in February, increasing sales by 98% YoY. The EV maker plans to build two new factories for its new sub-brands, codenamed Firefly and ALPS. Q: How will NIO's sales perform in March amid price reduction competition? Share your insights on Inside.com.

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Nicolas Saravia Sr. Analyst Nicolas is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups.  This newsletter was edited by Aaron Crutchfield

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