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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FILE- In this Feb. 9, 2019 file photo, a sign bearing the company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver. A new automatic lane-change feature of Tesla’s Autopilot system doesn’t work well and could be a safety risk to drivers, according to tests performed by Consumer Reports. Senior Director of Auto Testing Jake Fisher said in a statement Wednesday, May 22, that the system doesn’t appear to react to brake lights or turn signals, and it can’t anticipate what other drivers will do. (AP Photo/David Zalubowski, File)
May 22, 2019 - 3:59 pm
DETROIT (AP) — A new automatic lane-change feature of Tesla's Autopilot system doesn't work well and could be a safety risk to drivers, according to tests performed by Consumer Reports. The magazine and website tested "Navigate on Autopilot" and found it less competent than human drivers, cutting...
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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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May 19, 2019 - 12:37 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 - 12:09 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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May 15, 2019 - 1:48 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 says an officer pulled over the odd-looking autonomous vehicle because he had never seen one before. The bus-like vehicle...
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May 15, 2019 - 6:49 am
TOKYO (AP) — A Japanese startup that launched a rocket into space last 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 well-...
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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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