Tue, 12 Nov 2024 21:56:51 GMT (1731448611260)
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5 years ago
Uber's revenue grows but its losses mount in third quarterThe losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation...
5 years ago
Congress calls on ride-hailing companies to improve safetySnubbed by Uber and Lyft, a House committee went ahead with its hearing Wednesday on safety and employment issues plaguing ride-hailing companies. Members of the House Committee on Transportation and Infrastructure called on Uber and Lyft to clean up their...
5 years ago
Former Google engineer charged with trade secrets theftSAN JOSE, Calif. (AP) — A former Google engineer is being charged with stealing closely guarded secrets that he later sold to Uber as the ride-hailing service scrambled to catch up in the high-stakes race to build robotic vehicles. The...
6 years ago
Uber to offer free rides to fans of Super Bowl loserThere will be one silver lining for Los Angeles Rams or New England Patriot fans on Super Bowl Sunday: They may be able to snag a free ride home from their game-watching party. According to The Boston Globe, Uber will...
6 years ago
Toyota, SoftBank setting up mobility services joint ventureJapan's No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a "united Japan" effort to face global competition. The 2 billion yen ($20 million) venture,...
6 years ago
Uber heads in new direction with Toyota on self-driving carsUber is teaming up with Toyota to build self-driving cars for its ride-hailing service after its efforts to do it alone were derailed by a fatal collision and allegations of high-tech theft.Toyota, based in Japan, is also investing $500 million...
6 years ago
Japan's SoftBank to sink $2.25B into GM autonomous car unitThe Japanese technology conglomerate SoftBank will spend $2.25 billion for a nearly a 20 percent stake in General Motors' autonomous vehicle unit.GM said Thursday that it will also sink another $1.1 billion into its GM Cruise automated division. The capita...
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