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...Yet Tesla’s autonomous driving software still requires drivers to keep their hands on the steering wheel and their eyes on the road....
...That allowed Bird to go public in 2021 through a special-purpose acquisition company. At its peak the company had a market value of nearly $2.5bn....
...Media moguls have been reduced to reinventing the wheel. Or more accurately, reassembling it....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...The canned explanation is companies “labour hoarding”, which feels unsatisfying to us, a bit like saying a car moved because the wheels spun. Have a better explanation?...
...At a livestreamed event at the company’s headquarters in Austin, Texas, Musk drove a Cybertruck onstage and touted its bulletproof qualities, towing power, off-roading capabilities, four-wheel steering,...
...It is one of the reasons Berkshire has survived: the company’s name comes from the struggling textile mill Buffett took control of in 1965 that he ultimately shut down....
...Shares in Thor Industries, the US company behind Airstream trailers, quadrupled between March 2020 and early 2021, when they reached a new high....
...He will have separately taken home less than $10mn in cash pay for his 25-months at the wheel. Scherr will, however, keep one fringe benefit....
...This means keeping their hands on the wheels and eyes on the road while the system, which allows a car to steer when in marked lanes and accelerate and brake, is active....
...Sir Titus Salt, a splendidly bewhiskered Victorian textile magnate, created Saltaire, a model community near Bradford, in the 1850s....
...He formed his law firm in 1962, the same year that Buffett started buying stock in the textile maker Berkshire Hathaway....
...Baidu is also seeking regulatory approval to introduce its next robotaxi iteration with no steering wheel, paving the way for a total interior redesign....
...But he admitted that “the squeeze is real”, for companies faced with a need to balance both climate mitigation and adaptation....
...Over more than four decades on Berkshire’s board, his work alongside chief executive Warren Buffett helped transform a struggling textile maker into one of the world’s most valuable companies....
...The chaotic used-car market of the pandemic was no fun for Americans who suddenly needed a fresh set of wheels....
...The Omaha native helped transform the company, once a struggling textile maker, into an industrials and insurance behemoth....
...Prosecutors allege that Lee, who was vice-chair of Samsung Electronics in 2015, was among a group of executives who inflated the stock price of Cheil Industries, a textile company, and devalued Samsung C...
...India’s EV market is in its early stages and focused largely on two-wheel vehicles, and any automobile would need to be competitively priced to gain traction in the world’s largest developing market....
...Driver assistance systems, marketed as “full self-driving”, require drivers to keep their hands on the steering wheel at all times. Car sales still account for 82 per cent of Tesla revenues....
...The move, intended to resolve potential conflicts of interests, handed a 2 per cent stake in Berkshire to Munger; with it he became a central figure in a company that was quickly moving far beyond its textile...
...It drives on two wheels, and is self-balancing – a little like a Segway – so you’re always upright while sitting on it....
...More likely she is a woman dodging traffic with a tray on her head hawking food to a tiny four-wheel-drive-owning elite....
...Japan’s Mizuho Bank fired a London banker in 2016 after he was caught stealing a chain wheel guard from a colleague’s bike worth about £5....
...Over the summer, when the FT visited the group’s autonomous driving centre in Beijing, remote safety monitors sat in arcade-like driving simulators ready to hit the brakes or take the steering wheel to override...
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