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...Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...But the initial surge in global appetite for Chinese stocks that accompanied reopening has since waned, reflecting weak data on industrial output, manufacturing activity and the property sector....
US hedge fund claims DPK reneged on agreement to buy assets of London project together
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...However, Shah added, the company would “have its work cut out from establishing multilevel distribution channels, after-market service support and an EV portfolio priced in the sweet spot of $10,000”....
...“We have again been very open about the fact that our service network is lagging our sales,” he said, but “we are expanding our service network very fast”....
...The rollback comes just three months after the company triumphed in winning permission to expand its service. It is working with Honda to launch driverless cars in Tokyo by 2026....
...In the US, Cruise has been racing against Tesla and Waymo, part of Alphabet, to develop robotaxi services, and parent GM has set an ambitious revenue target of $1bn by 2025....
...and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned company less than three months after it won the right to operate a full robotaxi service...
...Driverless cars are being tested in a handful of other US cities and Alphabet’s Waymo has a commercial service in part of Phoenix and surrounding suburbs....
...Cruise and its rival Alphabet-owned Waymo were granted permission by the California Public Utilities Commission in August to run driverless taxi services throughout the city....
...In addition to tourism, Blue Origin is looking to scale up its space services more broadly, including with plans to build an international launch facility....
...The firm has also borrowed against shares in Alight, Gates Industrial and Viper Energy, filings show....
...firm auditing Adani’s British books In the wake of Hindenburg Research’s scathing short seller report that wiped tens of billions of dollars off the market value of Adani Group in January, the Indian industrial...
...Private equity, on the other hand, has seemed largely immune (despite the expensive debt it heaps on businesses ranging from day care centres for children to hospitals and arcane industrial companies)....
...Rates charged by General Motors’ Cruise robotaxi service in San Francisco are comparable to rideshare services from the likes of Uber....
...Bulking up Reliance Retail will be critical as Mukesh looks to diversify his industrial conglomerate and transform it into India’s leading digital group. It’s also key to his succession plan....
When costs gobble up all the alpha
...A vote to consider Waymo’s request to collect fares and Cruise’s application to run a daytime service has been postponed to mid-July....
...He argues that people will be surprised just how quickly driverless services will arrive and then expand....
...And the robots then collaborate together, working in a system that provides an end-to-end capability for any industrial sector....
...“It’s far less clear to us how to actually sell space services in Europe than it is in the United States.”...
...The response to such pressure is likely to be consolidation — either with peers or by buying specific products and services. This is already happening....
...Direct listings have often been touted as a cheaper alternative to IPOs or Spacs since the streaming service Spotify completed the first such deal in the US in 2018, but only a handful of companies have...
...Here she looks at the qualities that gave Britain the lead in the first Industrial Revolution and asks: can 21st century techies do the same?...
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