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...It is a good time to pull back on investment in driverless cars. McKinsey puts the driverless private passenger vehicle market at a possible $400bn by 2035....
...Janine Gibson was a guest of the Belmond British Pullman....
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...to research company Counterpoint....
...Tesla’s share in China’s EV and hybrid market segment fell from 7.7 per cent to 6.6 per cent in the first two months of the year, according to the China Passenger Car Association....
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...Some 76mn passengers passed through Istanbul last year, slightly lower than Heathrow’s 79mn....
...The company this week reported burning almost $4bn in cash in the first quarter as production rates slowed....
...Tesla’s share of China’s new energy vehicle sales slipped to 7.7 per cent in March, 4.7 percentage points lower than in the previous year, according to the China Passenger Car Association....
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...In 1894, Pullman workers went on strike after George Pullman cut wages, igniting a boycott that affected much of the US railroad network....
...But to do that it needs cheaper cars, not robotaxis. elaine.moore@ft.com...
...The company has spent more than Rmb10bn ($1.4bn) and more than three years to develop the cars....
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...Car Association....
...But they also want to know whether Elon Musk’s company is in the midst of a major change in direction, after reports that it was slowing plans for a cheaper $25,000 electric car — known unofficially as the...
...But one day, he says, Tesla and SpaceX may create something that is not “even really a car”. The Technoking is the reason Tesla remains the most distinctive car company in the world....
...However, the growth in China’s EV industry, which now accounts for more than 30 per cent of domestic passenger vehicle sales, has masked the staggering decline in sales of non-EVs....
...Tesla still makes more than 80 per cent of its revenue from selling cars....
...In contrast, air passenger duty will be increased for non-economy travel to account for higher inflation in recent years....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Passengers in Wuhan’s robotaxis sit in the back seat behind a perspex screen that blocks any compulsion to try to take back control of the vehicle....
...Adrian Lewis, Inchcape’s chief financial officer, said there were several offers for its retail sites and following the deal, Inchcape would largely be a “pure-play” car distribution company....
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