Tag: Uber

June 16, 2021

Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year. The firm, […]

April 27, 2021

Lyft says the deal will save it $100 million a year and allow it to show a profit in Q3. $200 million is being paid up-front with $350 million more to be paid over five years. Toyota’s self-drive research unit […]

January 24, 2020

WASHINGTON — Uber Technologies Inc. will put self-driving vehicles on Washington roads Friday with human drivers in control, the ride-hailing company said on Thursday, as it seeks to collect data for future deployment of fully self-driving vehicles. Uber is collecting […]

October 16, 2019

WASHINGTON (Reuters) – Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources. The two […]

October 3, 2019

The company announced its Uber Copter offer on Thursday, saying flights to and from Lower Manhattan will become available to all Uber users on Oct. 3. Uber made the feature available to its premium members in June. The roughly eight-minute […]

August 8, 2019

With Uber set to report after Wall Street closes, analysts were excited by Lyft’s 72% rise in second-quarter revenue and its assertion higher spend per rider – read higher prices – would pull both third quarter and full-year sales above […]

July 24, 2019

BENGALURU (Reuters) – Ride hailing company Uber Technologies Inc and Bengaluru-based start-up Sun Mobility said on Wednesday they will partner to offer commuters in India electric auto-rickshaws in the coming months, amid a push by policymakers to encourage the use […]

May 3, 2019

The lawsuit, filed on Friday at the Victoria Supreme Court by law firm Maurice Blackburn, was brought on behalf of about 6,000 drivers and taxi license owners from across four Australian states, the lawyers said in a statement. “This will […]

March 28, 2019

Lyft raised its IPO price range to between $70 and $72 per share, meaning the ride-hailing company is now targeting a valuation of up to $24.3 billion. The increased range, from $62-$68 previously, is the result of investors worrying about […]

September 5, 2018

STOCKHOLM (Reuters) – Volvo Cars presented a fully electric robo-taxi on Wednesday, as the Geely-owned Swedish company races to meet an ambitious target for driverless vehicle sales with its Uber supply deal on hold. Besides city driving, Volvo said the […]

August 21, 2018

Lyft launched its self-driving service in January in Las Vegas, where passengers can take a ride in an autonomous BMW to and from some 20 different pick-up and destination spots around the city’s casino-laden Strip. The autonomous driving system is […]

August 16, 2018

SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go […]

June 13, 2018

The value of six-year-old Grab will be just over $10 billion after the investment, said a person familiar with the matter. The deal comes as the auto industry faces a spike in the need for technological prowess with the advent […]

April 19, 2018

SAN FRANCISCO (Reuters) – Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company […]

November 8, 2017

LISBON (Reuters) – Uber has struck a deal with NASA to develop software for managing “flying taxi” routes in the air along the lines of ride-hailing services it has pioneered on the ground, the company said on Wednesday. And in […]

August 18, 2016

Volvo Car Group has agreed a $300 million alliance with Uber to develop self-driving cars, the latest move by traditional vehicle manufacturers to team up with Silicon Valley firms seen as threats to their industry. The partnership will allow the […]