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...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”....
...Next came construction and building materials (8 per cent), then transport, logistics, and packaging (7 per cent)....
...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....
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...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....
...It controls 13 per cent of the global market for packaging, assembly and testing services and is the sixth-biggest semiconductor exporter, according to the government....
...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....
...Earlier this year, BDT & MSD did another deal in the packaging sector when it bought a stake in US company ProMach....
...The firm has also borrowed against shares in Alight, Gates Industrial and Viper Energy, filings show....
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