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GM-backed Cruise plans rapid growth for robotaxi business
GM reps referred Automotive Information to public responses about Cruise from CEO Mary Barra and other executives, who have expressed optimism about the firm’s prospective clients. At final month’s South by Southwest function in Austin, Barra mentioned Cruise and AVs extra broadly symbolize the automaker’s intention of zero emissions, congestion and crashes. Last calendar year, GM obtained SoftBank Vision Fund 1’s ownership placement in Cruise for $2.1 billion and created a independent expense of $1.35 billion into Cruise that SoftBank beforehand had dedicated, according to an annual report filed with the U.S. Securities and Trade Fee. In the filing, GM reported it produced “additional investments in Cruise of $1.1 billion”…
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UPDATE 2-Qatar Airways eyes rapid growth as travel demand rebounds
(Adds responses on partnerships, European airline ‘lobbying’) By Rachel A lot more BERLIN, March 7 (Reuters) – Qatar Airways introduced options for quick expansion on Tuesday, as the journey marketplace recovers from the pandemic. Asserting targets at the ITB tourism reasonable in Berlin, the Gulf provider said it would include 7 destinations, restore 11 other people and strengthen the frequency of flights to 35 markets – marking a 21{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} rise in flights by July 2023, when compared with the very same month very last calendar year. Main Government Akbar Al Baker, talking in his initial visual appeal considering the fact that settling a key authorized dispute with Airbus , explained…
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Rapid Response Defense Systems Selects Mullen Automotive as
RRDS Awarded $2.7 Billion Federal Fleet Motor vehicles IDIQ Agreement by the General Providers Administration (GSA) (IDIQ Agreement # 47QMCA22D000T) RRDS views Mullen’s Business Class 1 EV cargo van a strategic match for federal government company BREA, Calif., March 06, 2023 (Globe NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical vehicle (“EV”) company, announces these days teaming up with Swift Response Defense Methods (“RRDS”) to quick-track U.S. Federal Government prospects for potential significant-scale automobile fleet orders. Mullen Class 1 EV Cargo Vans: RRDS sights Mullen’s EV Course 1 a strategic fit for federal U.S. govt small business RRDS, one of the…
World News Today
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