Industrial technology

May 23, 2019 - 10:42 am
LAS VEGAS (AP) — A company backed by tech billionaire Elon Musk has been granted a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center. The board of directors of the Las Vegas Convention and Visitors Authority approved the...
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May 23, 2019 - 10:00 am
Shares of Tesla opened lower Thursday, a day after an influential analyst raised questions about demand for its electric vehicles and told investors that Tesla could become a restructuring story. Stock in the Palo Alto, California, company fell 3% after the opening bell to $186.97, its lowest level...
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FILE - In this Jan. 14, 2018, file photo Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24. (AP Photo/Carlos Osorio, File)
May 20, 2019 - 10:03 pm
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since...
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FILE - In this May 14, 2019 photo, Senate Minority Leader Chuck Schumer, D-N.Y., speaks to reporters at the Capitol in Washington. The Senate's top Democrat wants an investigation into whether a plan for new subway cars in New York City designed by a Chinese state-owned company could pose a threat to national security. Schumer said in a statement to The Associated Press on Sunday, May 19 he's asked the Commerce Department to conduct a "top-to-bottom review" after CRRC won a design contest for new subway cars in New York City. The company hasn't won a contract in New York, although it has been awarded contracts for new rail cars in Los Angeles, Chicago, Boston and Philadelphia. (AP Photo/J. Scott Applewhite, File)
May 19, 2019 - 12:51 pm
WASHINGTON (AP) — The Senate's top Democrat is calling on the federal government to step in and investigate whether a plan for new subway cars in New York City designed by a Chinese state-owned company could pose a threat to national security. Sen. Charles Schumer of New York said in a statement to...
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FILE- This Oct. 3, 2018, file photo shows the logo of Tesla model 3 at the Auto show in Paris. The National Transportation Safety Board says Tesla’s Autopilot semi-autonomous driving system was in use when one of its cars drove beneath a semitrailer in Florida in March, killing the driver. (AP Photo/Christophe Ena, File)
May 16, 2019 - 12:13 pm
DETROIT (AP) — A Tesla Model S involved in a fatal crash with a semitrailer in Florida March 1 was operating on the company's semi-autonomous Autopilot system, federal investigators have determined. The car drove beneath the trailer, killing the driver, in a crash that is strikingly similar to one...
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FILE - In this Feb. 20, 2019, file photo people view a new self-driving shuttle, one of a fleet of vehicles unveiled by May Mobility at the Quonset Business Park in R.I. A self-driving shuttle got pulled over by police on its first day carrying passengers on a new Rhode Island route. Providence Police Chief Hugh Clements said Wednesday, May 15, that an officer pulled over the odd-looking autonomous vehicle because he had never seen one before. (AP Photo/Matt O'Brien, File)
May 15, 2019 - 6:29 pm
PROVIDENCE, R.I. (AP) — A self-driving shuttle got pulled over by police on its first day carrying passengers on a new Rhode Island route. Providence Police Chief Hugh Clements said an officer pulled over the odd-looking autonomous vehicle because he had never seen one before. "It looked like an...
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Japanese entrepreneurs and Founder of Interstellar Technologies Inc. Takafumi Horie speaks during a press conference in Tokyo, Wednesday, May 15, 2019. Horie said a low-cost rocket business in Japan is well-positioned to accommodate scientific and commercial needs in Asia. While Japan's government-led space programs have demonstrated top-level technology, he said the country has fallen behind commercially due to high costs. (AP Photo/Koji Sasahara)
May 15, 2019 - 9:57 am
TOKYO (AP) — A Japanese startup that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said Wednesday. Interstellar Technology Inc. founder Takafumi Horie said a low-cost rocket business in Japan is...
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FILE - In this Friday, March 29, 2019 file photo, Lyft co-founders John Zimmer, front second from left, and Logan Green, front second from right, cheer as they as they ring a ceremonial opening bell in Los Angeles, to mark trading on the Nasdaq exchange under the ticker symbol "LYFT." A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the competition, giving the leaders a duopoly in almost every American city. (AP Photo/Ringo H.W. Chiu)
May 11, 2019 - 3:40 pm
SAN FRANCISCO (AP) — A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up the newly public companies' stock: The losses have scared off the...
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Uber CEO Dara Khosrowshahi, third from left, takes a photograph as he attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. (AP Photo/Richard Drew)
May 10, 2019 - 5:05 pm
NEW YORK (AP) — After much hype leading up to the largest initial public offering in five years, Uber hit a few potholes on its first day of trading, closing down 8% and reflecting lingering doubts about its future prospects for profitability. The ride-hailing company injected investors with a dose...
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FILE - This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. Uber's shares begin trading on the New York Stock Exchange, Friday, May 10, 2019. (AP Photo/Patrick Semansky, File)
May 09, 2019 - 7:46 pm
SAN FRANCISCO (AP) — Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years. The world's leading ride-hailing service set the stage for its long-awaited arrival on the stock market by pricing its initial public offering at $45 per share late...
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