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...Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...A researcher from Beijing Xinghang Electro-mechanical Equipment Co Ltd, a Chinese defence company, was also listed as a contributor on the study....
...“We are farther than we have ever been before,” Dan Hewitt, SpaceX’s senior mechanical design engineer, declared on the company’s livestream just nine minutes into the flight, amid deafening cheers from...
...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....
...Its current campaign, far from the UAW’s heartland in the industrial upper Midwest, has again encountered pushback....
...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....
...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....
...It is also a hallmark of the White House’s industrial strategy to incentivise high-tech manufacturing in the US, and a clear example of both the opportunities and challenges posed by such large-scale investments...
...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....
...This explains why all the furniture and fittings in Everyday People, a “ramen and small plates” restaurant in a Victorian industrial building, are made of plywood with exposed edges....
When costs gobble up all the alpha
...Dexheimer’s firm has been cushioned by the diversity of its services. It is involved in civil engineering projects and residential building renovations, where contracts are still to be had....
...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....
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