Toyota’s latest corporate governance report was released on Wednesday and it revealed that the automaker holds a $293 million stake in ride-hailing giant Uber Technologies Inc. Toyota said it held 10.25 million shares valued at 31.15 billion yen ($292.46 million) as of March 30, 2020.
FutureCar Staff 2020-06-24 11:00 PT
San Francisco-based company Lyft Inc. said on Wednesday that every vehicle on its ride-hailing and rental car platform will be fully-electric by 2030.
FutureCar Staff 2020-06-17 14:30 PT
General Motors has shuttered its car-sharing platform Maven, which allowed GM owners to share their vehicle as a short-term rental, earning a little extra income in the process. The automaker said it would transfer the Maven assets and resources to its Global Innovation group, which is GM’s incubator for new mobility ideas and technology.
Eric Walz2020-04-22 11:00 PT
New York City-based on-demand and shared transportation provider Via announced it received a $200 million investment from Exor, the holding company of Italy’s Agnelli family, the business dynasty founded by Giovanni Agnelli, one of the original founders of Italian automaker Fiat.
Eric Walz2020-03-30 10:40 PT
In one of the biggest cases involving the theft of intellectual property in Silicon Valley in recent memory, Anthony Levandowski, the former head engineer of Google’s self-driving car project, has agreed to plead guilty for stealing trade secrets from the technology giant and using them to launch his own self-driving truck startup Ottomotto.
Eric Walz2020-03-20 10:00 PT
After Alphabet subsidiary Waymo announced it was cancelling its autonomous vehicles testing using drivers on Tuesday, other notable Bay Area companies, including Uber, Cruise and Pony.ai have followed suit and suspended their operations that normally rely on safety drivers behind the wheel to help prevent the spread of the Coronavirus.
FutureCar Staff 2020-03-18 04:00 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
A new on-demand transportation company called Myle Technologies is moving into Uber’s space and launching a ride-hailing service today in the five boroughs of New York, enabling customers to get picked up by the nearest taxi.
Eric Walz2020-02-19 11:00 PT
Unveiled at this year’s CES show in Las Vegas, the Hyundai S-A1 flying taxi has been jointly developed by Uber and Hyundai and could ferry up to four passengers at altitudes of up to 2,000 feet.
Vineeth Joel Patel2020-01-12 06:00 PT
The National Transportation Safety Board recently issued its findings into what caused the fatal accident involving one of Uber’s autonomous vehicles and a pedestrian in 2018.
Vineeth Joel Patel2019-12-01 15:00 PT
Didi Chuxing, often referred to as the “Uber of China” plans to launch a pilot ride-hailing service in Japan using luxury cars from Tesla and Mercedes Benz the company said.
Eric Walz2019-11-19 11:45 PT
Ride-hailing company Lyft is partnering with online used auto retailer Carvana to get people to ditch their cars. Residents of New York, Chicago or San Francisco who trade in and sell their vehicles on Carvana’s platform will receive $250 in Lyft credit along with a three months of free membership in Lyft’s monthly subscription service Pink.
Eric Walz2019-11-07 10:45 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
After announcing earlier this month that its would remove some safety drivers from its vehicles, Waymo CEO John Krafcik confirmed the company is now offering limited “rider-only” trips in Phoenix, Arizona without a safety driver behind the wheel.
Eric Walz2019-10-28 11:45 PT
The city of Cupertino, California, which is the home of tech giant Apple, is launching a new on-demand public transit system together with on-demand transportation company Via. New York-based Via is working to reinvent public transit from a rigid system of fixed routes and schedules to a dynamic, on-demand network similar to how people hail a ride with Uber of Lyft.
Eric Walz2019-10-07 11:25 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
Didi Chuxing, the world’s largest transportation provider, announced that it has spun off its autonomous driving unit into an independent company. Didi said new unit will continue to focus on research and development, product application, and business development related to autonomous driving technologies.
Eric Walz2019-08-05 12:05 PT
SoftBank Group Corp. officially announced today the planned establishment of “SoftBank Vision Fund 2", a new private investment fund and one of the largest of its kind. SoftBank has secured pledges from tech giants Microsoft and Apple, as well as other investors for about $108 billion for its second Vision Fund.
FutureCar Staff 2019-07-26 13:50 PT
GM's self-driving division Cruise said on Wednesday it was delaying the commercial deployment of cars past its target of 2019, as more testing of the vehicles was required. Cruise is testing its fleet of self-driving Chevy Bolt EVs in San Francisco for a planned autonomous ride-hailing service.
Eric Walz2019-07-24 11:00 PT
Waymo is testing complimentary Wi-Fi in its autonomous taxis in the Phoenix area where it is currently testing its Waymo One service.
Eric Walz2019-07-08 13:53 PT
Manish KharintaJun 28, 2020 4:00 PM PT
Vineeth Joel PatelJun 28, 2020 6:00 AM PT
Vineeth Joel PatelJun 27, 2020 6:00 AM PT
Vineeth Joel PatelJun 26, 2020 4:30 PM PT