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Toyota Investing $500 million in Uber to Develop Driverless Cars

Toyota Investing $500 million in Uber to Develop Driverless Cars

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.

Jeremy Carlton2018-08-27 15:57 PT

Uber Plans to Shift Focus to Electric Scooters & E-Bikes for Short City Trips

Uber Plans to Shift Focus to Electric Scooters & E-Bikes for Short City Trips

With Uber vehicles clogging city streets and the company itself being blamed for increasing traffic in some cities, the company is taking action. Uber is planning an emphasis on electric scooter and e-bikes instead of cars in cities, according to Uber CEO Dara Khosrowshahi.

Eric Walz2018-08-27 12:26 PT

Uber Says its Self-Driving Cars Will be Back on the Road in "a Few Months"

Uber Says its Self-Driving Cars Will be Back on the Road in "a Few Months"

Speaking at the Uber Elevate summit in Los Angeles yesterday, Uber CEO Dara Khosrowshahi said that his company's self-driving vehicles will be on the road again "within the next few months," and once that happens "it's going to be in as safe of a way as possible."

Eric Walz2018-05-10 11:56 PT

Uber Paid $100,000 Ransom to Hackers After Data Breach of 57 Million Customer Accounts

Uber Paid $100,000 Ransom to Hackers After Data Breach of 57 Million Customer Accounts

Uber admitted that it failed to disclose a massive breach last year that exposed the data of some 57 million users of the ride-sharing service, the company’s new chief executive office Dara Khosrowshahi said on Tuesday.

Eric Walz2017-11-21 17:47 PT

Uber Gets a New CEO from Travel Company Expedia

Uber Gets a New CEO from Travel Company Expedia

Uber chose Dara Khosrowshahi, who leads the online travel company Expedia, to be its chief executive on Sunday. The selection capped a contentious search process as the ride-hailing company seeks to move past the turbulent events this year.

Eric Walz2017-08-28 12:12 PT