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☆ Cruise says one of its driverless taxis ran over a woman in San Francisco after a hit-and-run driver 'launched' her into the car's path
▼ + stars: | 2023-10-03 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

A San Francisco woman was run over by a Cruise robotaxi after being struck by a hit-and-run driver. Cruise has faced criticism since San Francisco approved its service expansion this summer. AdvertisementAdvertisementA San Francisco pedestrian was apparently hit by two cars late Monday night, one of which didn't have a driver. A number of Cruise cars stalled in San Francisco and caused a traffic jam. There were also reports in June of a Cruise vehicle blocking emergency vehicles on their way to respond to a mass shooting.

Persons: Cruise, —, braked, Justin Schorr, SFFD Organizations: San, Service, San Francisco Fire Department, NBC, Chronicle Locations: Francisco, San Francisco

☆ Dubai is hoping to launch a fully operational flying taxi service by 2026
▼ + stars: | 2023-10-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

The city of Dubai hopes to create a flying taxi network by 2026. The network, built by Skyports, would take passengers to major city destinations via compact electric flying vehicles. Other flying taxi services are also looking to launch in major cities across the world. AdvertisementAdvertisementDubai hopes to be the city leading the flying taxi future by completing a fully operational flying taxi network by 2026. Four landing sites are planned to be built near Dubai International Airport, Palm Jumeirah, Dubai Downtown, and Dubai Marina.

Persons: Skyports, — Organizations: Service, Times, United, United Arab Emirates, Dubai International, Palm Jumeirah, Dubai Downtown, Dubai Marina, Joby Aviation, Paris . Airlines Locations: Dubai, United Arab, Palm, New York, Los Angeles, Paris, Delta, United, Skyports

☆ How Much to Tip at a Restaurant, Hotel, Bar, and Other Places
▼ + stars: | 2023-09-30 | by ( Sarah Jackson | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIt's not a big question about whether you should tip a server in a sit-down restaurant: That's pretty well-established. But what about all the other places where tip jars — virtual or otherwise — are popping up, especially since the pandemic upended tipping norms? AdvertisementAdvertisementHotel staff: It variesWhen you're traveling, budget an extra $2 to $5 per night to tip your housekeeper at a hotel, Johnson said. AdvertisementAdvertisementBeauty services: Around 20%Tipping for beauty services at places like nail and hair salons should fall in the range of 15% to 20%, Johnson said. Taxis and ride-hailing services: 15% to 20%If you're taking a taxi or using a ride-hailing service like Uber or Lyft, you'll want to go for a 15 to 20% tip, Leighton said.

Persons: Uber, —, Michael Lynn, Thomas Farley, Mister Manners, Farley, Avery Johnson, Johnson, Nick Leighton, Leighton Organizations: Service, Cornell University School of Hotel Administration, New York State Department of Labor, The Southern Academy of, American, & Lodging Association Locations: New York, Phoenix

☆ Migrants aboard Mexico cargo trains stranded miles from U.S. border
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +3 min

[1/2] Migrants travelling by train to Ciudad Juarez in an attempt to reach the United States, wait near train wagons while being stranded near Villa Ahumada, in the state of Chihuahua, Mexico September 29, 2023. Sixty northbound cargo trains run by Mexico's Ferromex were stopped last week, after about half a dozen migrants suffered death or injury. Grupo Mexico, which owns Ferromex, could not immediately be reached about the sudden train stoppage with migrants aboard near Villa Ahumada. Meanwhile, further east, in the border city of Piedras Negras that sits opposite Eagle Pass, Texas, Venezuelan migrant Jose Julian said on Friday he had similarly been stranded while traveling aboard the cargo trains. For years, migrants trying to reach the United States have crisscrossed Mexico on cargo trains.

Persons: Jose Luis Gonzalez, VILLA, Sasha Pacheco, we're, Mexico's Ferromex, Villa Ahumada, Marlon Vera, who'd, Jose Julian, Daniel Becerril, Isabel Woodford, Kylie Madry, Valentine Hilaire, Michael Perry Organizations: REUTERS, Grupo Mexico, Reuters, Thomson Locations: Ciudad Juarez, United States, Villa Ahumada, Chihuahua, Mexico, PIEDRAS NEGRAS, U.S, Mexican, Piedras Negras, , Texas, Monterrey, Torreon, Rio, Villa, Mexico City

☆ Uber is moving its $600 million ad account from WPP to Omnicom
▼ + stars: | 2023-09-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Uber is switching its $600 million ad buying business from WPP to rival Omnicom, according to two people familiar with the matter. Uber began a competitive pitch for its media business in March. Florian Adamski, Omnicom Media Group CEO, said in a statement that its agencies would make its "strategic data capabilities" central to its work for Uber. Omnicom media agencies have notched up a handful of sizeable wins since the beginning of July. New business has included the $585 million Beiersdorf account, the $150 million global HSBC business, and the $150 million brief from lottery operator Allwyn Entertainment, according to marketing industry tracker COMvergence.

Persons: Omnicom, WPP's, Uber, IPG Mediabrands, David Mogensen, Florian Adamski, WPP's GroupM, Adweek, IDComms, It's, Sean, Diddy, Combs Organizations: WPP, Omnicom Media, Omni, HSBC, Allwyn Entertainment Locations: Asia, Pacific

☆ Uber names semiconductor executive Mahendra-Rajah as CFO
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Uber is seen in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsSept 27 (Reuters) - Uber Technologies (UBER.N) on Wednesday named Analog Devices (ADI.O) CFO Prashanth Mahendra-Rajah as its finance chief at a time when the ride-hailing company is gearing up for growing competition in the industry. At semiconductor firm Analog Devices, Mahendra-Rajah oversaw the roughly $21-billion acquisition of rival Maxim Integrated Products. Mahendra-Rajah was previously the CFO at vehicle technologies supplier WABCO Holdings and has held other financial leadership roles at Applied Materials (AMAT.O), Visa (V.N) and United Technologies. Still, with more than $1 billion in free cash flow in the second quarter, Uber said it was increasingly considering share repurchases and shareholder dividends.

Persons: Arnd, Prashanth Mahendra, Rajah, Mahendra, Nelson Chai, Uber, Deborah Sophia, Shounak Dasgupta Organizations: REUTERS, Technologies, Devices, Maxim Integrated Products, WABCO Holdings, Materials, Visa, United Technologies, Los Angeles Yellow Cab, Thomson Locations: Davos, Switzerland, San Francisco, Nelson, Europe, Asia, Bengaluru

☆ Dubai to start robotaxi trials next month in major autonomous push
▼ + stars: | 2023-09-27 | by ( Aimee Look | ) edition.cnn.com time to read: +3 min

Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, Bahrozyan said. Autonomous taxis currently operate in several cities around the world, mostly in the US and China. Bahroyzyan said he foresees autonomous vehicles eventually making up the majority of the Middle East tourist hub’s taxi fleet. Selling and buying autonomous cars was also regulated. WeRide, a Chinese autonomous car technology company began trialing robotaxis in the UAE’s capital, Abu Dhabi, in 2022.

Persons: Ahmed Bahrozyan, Bahrozyan, ” Bahrozyan, “, Cruise, Bahroyzyan, GM’s Cruise, trialing, WeRide Organizations: UAE CNN —, General Motors, United Arab Emirates, Transport Authority, Cruise, CNN, RTA, ”, WeRide, Saudi Artificial Intelligence Company, Authority Locations: Abu Dhabi, UAE, UAE CNN — Dubai, robotaxis, Jumeirah, Dubai’s Roads, Dubai, Eastern, China, San Francisco, Dubai …, California, ” Dubai, robobuses, WeRide, Mecca

☆ Uber partners with California taxi operators to boost supply
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Uber is seen in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsSept 26 (Reuters) - Uber Technologies (UBER.N) is partnering with Los Angeles Yellow Cab and its affiliates to increase the supply of taxis on the ride-hailing giant's platform, the company said on Tuesday. Under the new partnership, taxis associated with LA Yellow Cab and its five partner fleets will get bookings through the Uber app. The six taxi companies - which include San Diego Yellow Cab, California Yellow Cab, Long Beach Yellow Cab, Fiesta Taxi Cooperative and United Checker Cab - will add up to 1,200 cabs to the Uber platform. "We anticipate that this partnership will have a positive impact for our driver-owners as the pandemic recovery continues," said William Rouse, CEO of Los Angeles Yellow Cab.

Persons: Arnd, Uber, Lyft, William Rouse, Arsheeya, Devika Organizations: REUTERS, Technologies, Los Angeles Yellow Cab, San Diego Yellow Cab, Fiesta Taxi Cooperative, United Checker, Thomson Locations: Davos, Switzerland, Europe, Asia, San, California, Bengaluru

☆ I moved to a tiny Alaskan village and worked as a teacher to 5 students. I was able to save $1,000 a month, see the Northern Lights, and walk on glaciers.
▼ + stars: | 2023-09-26 | by ( Taryn Williams | ) www.businessinsider.com time to read: +7 min

Taryn Williams moved to a tiny Alaskan village to work as a teacher, in 2020. AdvertisementAdvertisementIn 2020, I moved to a tiny village in Alaska to take a teaching job. Courtesy of Taryn WilliamsWorking with the families that invited me into different villages has been an incredible experience. When I traveled to the different villages with my students, I was able to learn the cultural customs of each group. I've also been able to travel with my students, which is a uniquely incredible and gratifying experience.

Persons: Taryn Williams, Williams, —, Bush, I've, Taryn Williams I've, hadn't, It's Organizations: Service, Bush, Anchorage — Locations: Alaska, Perryville, Philadelphia, Anchorage, Europe, Instacart, Fairbanks, Anchorage —

☆ Air Force Receives Its First Electric Air Taxi
▼ + stars: | 2023-09-25 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

The Air Force said on Monday that it had received its first electric passenger aircraft capable of taking off and landing vertically, a milestone for the companies that hope to one day sell thousands of such vehicles to serve as air taxis. Joby Aviation, an air taxi start-up, delivered the aircraft to Edwards Air Force Base in Southern California, where the first supersonic flight took place. Joby, which is based in Santa Cruz, Calif., said that its electric aircraft is substantially quieter than helicopters or planes. The delivery is the first under an Air Force contract that Joby said was valued at up to $131 million and gives the government the option to receive up to nine aircraft. The Air Force and Joby will operate the vehicle, but Joby will still own the aircraft and receive both fixed and variable payments for hours flown.

Persons: Joby Organizations: Air Force, Joby Aviation, Edwards Air Force Base, NASA Locations: Southern California, Santa Cruz , Calif

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. If fulfilled, Europe would become VinFast's biggest overseas market this year. The company had shipped about 2,100 EVs earlier this year to the United States. Should the EU probe conclude that punitive duties on China-made EVs are warranted, VinFast could find its cars are more competitively priced. VinFast, which is part of Vietnamese conglomerate Vingroup (VIC.HM), was formed in 2017 and began making EVs in 2021 after dropping its manufacturing of cars with internal combustion engines.

Persons: Steve Marcus, Thuy, Inovev, VinFast, Phuong Nguyen, Francesco Guarascio, Miral Organizations: Las Vegas Convention, REUTERS, Rights, Reuters, European Union, Nasdaq, EU, Thomson Locations: Las Vegas , Nevada, U.S, Rights HANOI, Europe, France, Germany, Netherlands, VinFast's, Vietnam, United States, Israel, China, Indonesia, India, East, Africa, Latin America

☆ F-35 stealth fighter jets are only capable of flying missions a little over half the time, watchdog finds
▼ + stars: | 2023-09-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A new government watchdog report reveals that the F-35 program is plagued by maintenance issues. "Maintenance challenges negatively affect F-35 aircraft readiness," the GAO report said. AdvertisementAdvertisementAn F-35 taxis from the runway onto the flightline after successfully completing a sortie, Dec. 14, 2015, at Luke Air Force Base. A US Air Force F-35 Lightning II flies over the US Central Command area of responsibility, July 17, 2020. US Air Force photo by Airman 1st Class Duncan C. BevanThere are three variants of the Lockheed Martin F-35.

Persons: —, Duncan C, Bevan, Lockheed Martin Organizations: Service, Government, Office, Fighter, US Marines Corps, GAO, Luke Air Force Base, US Air Force, Pentagon, US Central Command, Lockheed, Air Force, Navy, Marine Corps, Marines Locations: Wall, Silicon, South Carolina

☆ Cathie Wood says Tesla is the 'biggest AI opportunity in the world' today
▼ + stars: | 2023-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Ark Invest CEO Cathie Wood says she believes that Tesla is the "biggest AI opportunity in the world" today. She says that Tesla's autonomous taxi opportunity "is going to be a winner." "Again, this isn't the biggest AI project in the world right now. Wood gave Tesla a $2,000 price target by 2027 – representing potential upside of a whopping 650% from Tuesday's close. AI is the biggest catalyst," Wood said.

Persons: Cathie Wood, Tesla, CNBC's, Wood, Elon Musk, we're, —, Yun Li Organizations: Reuters, Innovation Locations: United States, Tuesday's

☆ China's capital city is letting the public take fully driverless robotaxis — and has bigger rollout plans, startup Pony.ai says
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's capital city is taking swift steps to allow robotaxi businesses to grow. As of Tuesday, the suburban Beijing city district of Yizhuang is officially letting local robotaxi operators — primarily Baidu and startup Pony.ai — charge fares for fully autonomous taxis, with no human staff inside. "We have very high confidence ... maybe only in three years, our full driverless vehicles are going to be running over the whole Beijing city," he said in an interview with CNBC on Monday. Out of more than 200 robotaxis that Pony.ai operates in the region, only about ten are currently fully driverless, Zhang said. Beijing city did not immediately respond to a CNBC request for comment.

Persons: Ning Zhang, Beijing's, Zhang, Yin Yong, Pony.ai, Baidu, Alphabet's Waymo, Pony.ai's Zhang, —, Leswing, Lora Kolodny Organizations: Visual China, Getty, BEIJING, Baidu, CNBC, Daxing International, robotaxis, General Motors, California Department of Motor Vehicles, Beijing Daxing, Google Locations: Beijing, Yizhuang, Pony.ai, Yizhuang district, Daxing, U.S, San Francisco, California, China, Shenzhen, Wuhan, Chongqing, Guangzhou, Shanghai

Importantly, the site is near Wright-Patterson Air Force Base and the headquarters of the U.S. Air Force Research Laboratories. With this announcement, that aspiration has been realized.”Political Cartoons View All 1163 ImagesThe Wright brothers, Orville and Wilbur, lived and worked in Dayton. Joby CEO JoeBen Bevirt told the AP that the company chose Ohio after an extensive and competitive search. 3 in the nation on manufacturing jobs — and that depth of manufacturing prowess, that workforce, is critical to us as we look to build this manufacturing facility. That included the loss of tens of thousands of auto and auto parts manufacturing jobs in the early 2000s and the loss of ATM maker NCR Corp.'s headquarters to an Atlanta suburb in 2009.

Persons: Wright, Mike DeWine, Jon Husted, ” Husted, Orville, Wilbur, Orville Wright's, Hawthorn Hill, Joby, JoeBen Bevirt, Bevirt, J.P, Nauseef, that’s, —, ” Bevirt, DeWine —, John Glenn, Neil Armstrong Organizations: Joby Aviation Inc, ” Republican Gov, Associated Press, Intel, Dayton International, Republican, Gov, Patterson Air Force Base, U.S . Air Force Research Laboratories, “, U.S, Hawthorn, Wright Model B, Toyota, Delta Airlines, Air Force, U.S . Department of Energy, AP, Boeing, Airbus, NCR Corp, U.S . Air Force’s, . Space Command, Space Force Locations: COLUMBUS , Ohio, Ohio, Wright, Dayton, Santa Cruz , California, “ Ohio, Atlanta, Springfield, Marina , California

☆ Joby Aviation to build air taxi production plant in Ohio
▼ + stars: | 2023-09-18 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Joby Aviation Air Taxi is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. Joby intends to begin hiring "immediately" to stand up manufacturing of aircraft components at existing buildings at the Dayton site, Bevirt said. Construction of the new production facility will begin in 2024, with operations to start in 2025. Bevirt declined to comment on initial production rates and how much funding would be immediately allocated to construct the Dayton facility. The state of Ohio and several political organizations have offered up to $325 million in incentives and benefits to develop the Dayton site, Joby said.

Persons: Andrew Kelly, JoeBen Bevirt, Joby, Bevirt, Valerie Insinna, Timothy Gardner Organizations: Aviation Air Taxi, New York Stock Exchange, REUTERS, Rights, Electric, Joby Aviation, Dayton International, Reuters, Federal Aviation Administration, Pentagon, Archer Aviation, Beta Technologies, FAA, Thomson Locations: Manhattan , New York City, U.S, Dayton , Ohio, California, Dayton, Ohio

☆ I'm a Topgun-trained fighter pilot for the Navy. I'd make more money as an airline pilot, but it wouldn't be as fulfilling.
▼ + stars: | 2023-09-18 | by ( Stenfano Montali | ) www.businessinsider.com time to read: +8 min

He was deployed in Iraq and Syria in 2016 aboard the USS Dwight D. Eisenhower. Tortorich now trains pilots of Strike Fighter Squadron 105, also known as the "Gunslingers." As a professional fighter pilot, you should keep up with what's going on every day, even when you're not flying. In the Navy, you're usually in a specific job for only two to three years. AdvertisementAdvertisementOverall, being a fighter pilot and then a trainer of fighter pilots has been a tough but extremely worthwhile career.

Persons: Cmdr, John Tortorich, Dwight D, Eisenhower, Tortorich, I'd, Ryan Mahon, Nathan Elswick, I've, Alexander Delgado, they're, It's Organizations: Navy, Strike Fighter Squadron, Service, US Navy, Naval, wasn't, Marine Corps, Eisenhower, Mass, ISIS, Eisenhower Media, Navy Strike, Fighter Squadron Locations: Iraq, Syria, Wall, Silicon, Louisiana, Pensacola , Florida, Mississippi, Virginia Beach , Virginia, Key West, Nevada, California, Japan, Virginia Beach

☆ ARK CEO Cathie Wood on self-driving taxis: It's a 'winner take most' market for Tesla
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK CEO Cathie Wood on self-driving taxis: It's a 'winner take most' market for TeslaCathie Wood, ARK Invest CEO, joins 'Fast Money' to talk Tesla, her investing playbook, autonomous vehicles and much more.

Persons: Cathie Wood, Tesla Organizations: ARK Invest

☆ Former Wagner fighters are having to find new careers. One started a 'Wagner Taxi' company using the group's logo.
▼ + stars: | 2023-09-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Former Wagner Group soldiers are being forced to seek out new employment, per Russian reports. One soldier has started a taxi company named after the notorious mercenary group. Valery Bogdanov, a resident of Bolotnoye in Russia's southern Novosibirsk region, has even printed business cards using the Wagner Group's emblem of a grinning skull against a set of wings, Russian outlet VN.ru reported. Both Prigozhin and the rumored co-founder of the Wagner Group, Dmitry Utkin, were on the passenger list of the flight that plunged catastrophically to earth on August 23, 2023. AdvertisementAdvertisementThe representative also said the group had been forced to look for more opportunities in Africa and the Middle East, Important Stories reported.

Persons: Yevgeny Prigozhin's, Valery Bogdanov, Wagner, Bogdanov, they're, Yevgeny Prigozhin, Dmitry Utkin, catastrophically, Prigozhin, Vladimir Putin, Central African Republic —, — Wagner, Touadera Organizations: Wagner Group, Service, Wagner, Daily, Central African, Eye, Faustin, Kremlin Locations: Wall, Silicon, Russian, Bolotnoye, Russia's, Novosibirsk, Ukraine, Donetsk, Bakhmut, Africa, Central African Republic

☆ VietJet to take delivery of up to 12 Boeing 737 MAX jets next year
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

An aircraft of the national flag carrier Vietnam Airlines taxis behind a Vietjet aircraft at Noi Bai airport in Hanoi, Vietnam December 23, 2020. REUTERS/Kham/File Photo Acquire Licensing RightsHANOI, Sept 12 (Reuters) - Vietnam's VietJet said on Tuesday it will take delivery of up to 12 737 MAX jets next year, out of 200 planes it has ordered with Boeing. The first batch of the jets will be delivered to its unit in Thailand, Thai VietJet, the company said in a statement, following a meeting between its chairwoman Nguyen Thi Phuong Thao and Boeing Global President Brendan Nelson in Hanoi. On Monday, VietJet signed a memorandum of understanding with Carlyle Aviation Partners for pre-delivery payment financing facility worth up to $550 million to fund its 737 MAX aircraft purchases, it said. Reporting by Khanh VuOur Standards: The Thomson Reuters Trust Principles.

Persons: Vietnam's VietJet, Nguyen Thi Phuong Thao, Brendan Nelson, VietJet, Khanh Vu Organizations: Vietnam Airlines, REUTERS, Rights, MAX, Boeing, Boeing Global, Carlyle Aviation Partners, Thomson Locations: Noi Bai, Hanoi, Vietnam, Rights HANOI, Thailand, Thai

Petrol vehicles have been the top sellers in recent years - increasing their market share to around 68.4% in January-July 2023 from 42.5% in 2014, according to data from automotive market intelligence provider JATO Dynamics. Cost-conscious Indians are preferring to buy petrol cars as they are cheaper than diesel, even though diesel cars offer better fuel efficiency. DIESEL VEHICLES:Tuesday's warning from minister Nitin Gadkari targeted diesel carmakers, whose market share has seen a steady decline to nearly 18% of passenger vehicles in January-July this year from 47.9% in 2014. But when it comes to luxury cars, diesel variants remain in vogue, with their market share rising to 33% so far this year from 31% in 2021. Among automakers, Mahindra and Mahindra (MAHM.NS) has the highest diesel car market share with 47% of unit sales so far this year, up from 28% in 2021.

Persons: Maruti Suzuki, Nitin, Tesla, Aditi Shah, Aditya Kalra, Mark Potter Organizations: Maruti, Tata Motors, Volkswagen, Society of Indian Automobile Manufacturers, JATO Dynamics, Mercedes, BMW, Audi, Mahindra, Hyundai, Kia, Thomson Locations: MUMBAI, China, United States, India

☆ Tesla jumps on prediction supercomputer unit could add $600 bln to mkt value
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Dojo can open up new addressable markets that "extend well beyond selling vehicles at a fixed price," Morgan Stanley analysts led by Adam Jonas said in a note on Sunday. The Wall Street brokerage upgraded Tesla's stock to "overweight" from "equal-weight" and made it their "top pick," replacing Ferrari's U.S.-listed shares . That's about 76% higher than Tesla's market value of about $789 billion, based on the stock's close of $248.5 on Friday. Morgan Stanley raised its revenue estimate from Tesla's network services business to $335 billion in 2040, from $157 billion earlier. Jonas expects the unit to account for more than 60% of Tesla's core earnings by 2040, nearly doubling from 2030.

Persons: Matthew Childs, Morgan Stanley, Tesla, Adam Jonas, Jonas, Roshan Abraham, Susan Mathew, Medha Singh, Savio D'Souza, Sherry Jacob, Phillips, Rashmi Organizations: REUTERS, Dojo, Ferrari's U.S, Ford, Motors, Thomson Locations: London, Britain, Bengaluru

☆ Vietnam Air inks $7.8 bln deal for Boeing 737 max planes, White House says
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

An aircraft of the national flag carrier Vietnam Airlines taxis at Noi Bai airport in Hanoi, Vietnam December 23, 2020. REUTERS/Kham/file photo Acquire Licensing RightsSept 11 (Reuters) - The White House said on Monday that Vietnam Airlines' (HVN.HM) deal to buy 50 737 Max jets from U.S. planemaker Boeing (BA.N) is worth $7.8 billion. Boeing and Vietnam Airlines did not immediately respond to Reuters' requests for comment. The deal between the two companies was announced by the White House on Sunday. Boeing also has a deal with Vietnam Airlines' rival VietJet (VJC.HM) for the sale of 200 of its 737 MAX planes.

Persons: Joe Biden, Biden's, Vietnam's FPT, Shubham, Mrigank Dhaniwala Organizations: Vietnam Airlines, REUTERS, planemaker Boeing, Reuters, Vietnam Air, Boeing, White, International Air Transport Association, Microsoft, Nvidia, Thomson Locations: Noi Bai, Hanoi, Vietnam, Bengaluru

A SpiceJet passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai, India, May 29, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsNEW DELHI, Sept 11 (Reuters) - India's SpiceJet said on Monday it would pay $1.5 million to Credit Suisse as demanded by the country's top court. If SpiceJet fails to pay, the Supreme Court will take "drastic action" at the next hearing on Sept. 22, it said. The airline had previously said the Credit Suisse debt was an old one that predated the tenure of its current management. In that case, also heard on Monday at a Delhi High Court, SpiceJet said it had deposited 625 million rupees of that amount.

Persons: Francis Mascarenhas, India's SpiceJet, SpiceJet, dally, Ajay Singh, Singh, Kalanithi Maran, Maran, Arpan Chaturvedi, Aditi Shah, Yagnoseni Das, Aditya Kalra, Himani Sarkar, Miral Fahmy, Mark Potter Organizations: REUTERS, Credit Suisse, India's, Madras, Court, Thomson Locations: Chhatrapati Shivaji, Mumbai, India, DELHI, SpiceJet

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