There are two schemes that I’m familiar with.
One is that the car is equipped with an adjustable ‘grip’ for garbing the cable. if a car wants to slow down it will let to of the cable and then apply brakes
The other is to design the system so all the cars stop at the same time. This is somewhat common in areas with steep inclines, as you can run two cars up/down a hill in opposite directions and allow the weight of the cars to mostly cancel out.
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