Uber CEO Dara Khosrowshahi said the company has enough cash on hand to withstand the economic loss of the recent coronavirus outbreak.
Eric Walz2020-03-19 10:00 PT
Ride-hailing company Lyft has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. Lyft confirmed the deal but did not comment on the financing of the deal.
FutureCar Staff 2020-02-21 19:00 PT
Uber announced on Tuesday its testing a feature that allows some drivers picking up passengers from airports in Santa Barbara, Palm Springs and Sacramento to charge up to five times the fare set by the company, Uber said.
Eric Walz2020-01-21 10:55 PT
Volvo Group Venture Capital AB announced an investment in Autotech Ventures, a Silicon Valley venture capital firm focused on start-ups in the transportation sector working on autonomous driving and other mobility technology.
Eric Walz2019-12-09 11:10 PT
Ride-hailing giant Uber Technologies Inc. reported a net loss of over $1 billion in the third quarter. While its not as bad as last quarter’s loss of $5.2 billion, the company is still a long way from reaching profitability.
FutureCar Staff 2019-11-04 15:45 PT
Hyundai Motor Group and automotive technology company Aptiv announced today that they will form an autonomous driving joint venture. The new joint venture is the latest partnership between an automaker and a tech company, as automakers race to develop self-driving vehicles and other mobility services.
Eric Walz2019-09-23 11:30 PT
Uber reported a Q2 loss of $5.2 billion on Thursday as growth of its core business slows. Uber reported that its revenue growth slowed to 14%, and the company’s core ride-hailing business grew revenue 2% to $2.3 billion.
FutureCar Staff 2019-08-08 15:10 PT
Uber customers in London will be able to rent an electric bike right from the Uber app. The ride-hailing company is running a pilot program making 350 e-bikes available to rent in the city.
Eric Walz2019-05-24 11:39 PT
Uber Technologies Inc's stock opened Friday down 6.7% in its first day of trading on the New York Stock Exchange. Uber’s listing today was the ninth-largest U.S. IPO of all time.
Eric Walz2019-05-10 12:12 PT
Ride-hailing giant Uber will list its shares tomorrow on the New York Stock Exchange in one of the most anticipated IPO’s in recent history. However, on the eve of Uber’s IPO, its chief rival Lyft is sitting on the sidelines as its stock falls to the lowest level since its own IPO in March.
Eric Walz2019-05-08 19:01 PT
Waymo CEO John Krafcik announced that Waymo’s self-driving minivans will be offered on the Lyft app. It’s the first time that Waymo is sharing its autonomous vehicle technology with a competing ride-hailing network.
FutureCar Staff 2019-05-07 15:07 PT
Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially becoming one of the largest U.S. IPO’s since Chinese e-commerce giant Alibaba went public in 2014 and raised $25 billion.
FutureCar Staff 2019-04-26 13:36 PT
Uber is poised to for a major expansion and will begin offering more e-bike options directly from its app for riders in U.S. cities. Shipping records show that Uber imported about 8,000 e-bikes to the U.S. this month alone.
FutureCar Staff 2018-12-24 11:00 PT
Waymo made some history today by launching the first ever commercial driverless shuttle service in Arizona.The service is called Waymo One and riders can use the company’s smartphone app to summon a ride in one of Waymo’s driverless Chrysler Pacifica minivans.
Eric Walz2018-12-05 11:56 PT
Waymo is preparing to launch a commercial ride-hailing service in Arizona next month to rival Uber. For its new service, Waymo has plans to acquire up to 62,000 plug-in hybrid Pacifica minivans and 20,000 fully-electric Jaguar I-Pace SUVs to build out its commercial fleet over the next few years.
Eric Walz2018-11-13 16:55 PT
The Ford Motor Company and ride-hailing companies Uber and Lyft announced an unprecedented commitment to SharedStreets, a new data platform designed to make it easier for the private sector to work with cities by agreeing to share data that might help everyone get around cities more easily.
Eric Walz2018-09-26 12:20 PT
While that’s a good marker for Lyft, the ride-hailing company still lags behind Uber, its main rival, which surpassed 10 billion trips earlier this July.
Vineeth Joel Patel2018-09-24 08:00 PT
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
Since January, thousands of local residents and tourists in Las Vegas have taken a ride in one of Aptiv’s self-driving BMW’s operating on Lyft’s platform and the company just announced the completion of its 5,000th trip on the Las Vegas strip.
Eric Walz2018-08-22 16:11 PT
On Wednesday, New York became the first major American city to limit the number of for-hire drivers. The city council voted to halt new vehicle licenses for ride-hailing services and establish minimum pay rules for drivers. New York will cap the growth of the services for one year, while the city studies the booming ride-hailing industry.
Paul Young2018-08-09 17:32 PT
Eric WalzMar 23, 2020 8:00 AM PT
Vineeth Joel PatelMar 23, 2020 6:00 AM PT
Manish KharintaMar 22, 2020 2:50 PM PT