Aug 20, 2020 11:55 AM WST
As of midnight tonight, ride-hailing company Lyft will suspend its California ride-hailing operations, and its bigger rival Uber will likely follow, leaving thousands of people without the on-demand transportation they’ve come to rely on for for the first time in over seven years. The move is a result of California's Assembly Bill 5, which went into effect on Jan 1, 2020 and requires ride-hailing companies to classify drivers as employees.
Uber CEO Says the Company Might Suspend its California Operations if a Court’s Decision Forcing it Classify Drivers as Full-time Employees is Not OverturnedAug 12, 2020 10:45 AM WST
Now that the ongoing pandemic has decimated Uber’s core ride-hailing business over the past few month’s and a California court has ordered Uber to reclassify most driver partners as full-time employees, Uber may temporarily suspending its ride-sharing service in the state. Uber CEO Dara Khosrowshahi said that Uber would likely shut down temporarily for several months if a court does not overturn its recent ruling.
Aug 04, 2020 10:30 AM WST
Ford Motor Company will have a new CEO as of Oct 1. Ford announced this offering that its Chief Operating Officer Jim Farley will take over as its new leader while current CEO Jim Hackett announces his retirement. The move comes as Ford's stock has underperformed under Hackett's leadership.
Jul 24, 2020 2:30 PM WST
Electric automaker Tesla has filed a lawsuit in California against electric truck maker Rivian, accusing the startup of stealing trade secrets and poaching employees. In its suit, Tesla claims that Rivian displayed an “alarming pattern” of poaching its employees and stealing trade secrets. However, Rivian has denied the allegations.
Jul 14, 2020 2:00 PM WST
Germany has banned Tesla from repeating what a court says are “misleading” advertising statements relating to the capabilities of its Autopilot driver assistance system, a Munich court ruled on Tuesday.
Jul 09, 2020 10:00 AM WST
Tesla Chief Executive Elon Musk says that Tesla is “close” to achieving Level-5 autonomous driving. Musk made the comments in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC). However, skeptics believe Level-5 autonomy is still years away.
Jul 01, 2020 5:45 PM WST
Self-driving truck startup TuSimple announced today the launch of freight delivery service with some of the world’s leading shipping companies, United Parcel Service (UPS), Penske, U.S. Xpress, and McLane. TuSimple says its the world’s first autonomous freight delivery service.
Jun 26, 2020 2:00 PM WST
Waymo is becoming an exclusive partner for the Volvo Car Group and will integrate its self-driving technology stack in Volvo vehicles. Initially, the two companies will work together to integrate an all-new mobility-focused electric vehicle platform for ride hailing services. The electric vehicles will be built by Volvo's new electric brand Polestar.
Aug 27, 2018 3:57 PM WST
Uber’s struggling self-driving program is about to get some new life, thanks to a $500 million investment from Japan’s Toyota Motor Corp. On Monday, Reuters reported that Toyota and Uber will work together on the development of self-driving cars, citing sources familiar with the matter. The equity investment will help advance both Toyota and Uber’s autonomous driving technology.
Aug 17, 2018 3:58 PM WST
In an emotional interview with the New York Times, Tesla CEO Elon Musk opened up about his difficult and stressful year he’s had trying to ramp up production of the Model 3, while simultaneously trying to control the company’s massive cash bleed. On Friday, the electric car maker’s stock fell to its lowest levels in five months.