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
Softbank Corp is now looking to the sky and plans to use orbiting satellites to help autonomous vehicles find their position and safely navigate. SoftBank is planning to launch a service later this year that would use satellite navigation data combined with mobile base stations to help self-driving buses, drones and autonomous farm machinery navigate.
Eric Walz2019-06-03 19:08 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
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
Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.
FutureCar Staff 2019-04-02 13:00 PT
Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.
FutureCar Staff 2019-03-28 18:44 PT
In a blog post today, Waymo shared details about its new advanced lidar sensor, which it calls the “Laser Bear Honeycomb”. Waymo says its lidar provides best in class performance. Waymo said it will sell the sensors to other select companies outside of the self-driving car industry, beginning with robotics, security and agricultural technology.
Eric Walz2019-03-06 17:00 PT
Lyft Inc. filed for a U.S. initial public offering (IPO) today, becoming the first ride-hailing company to go public The IPO filing has also lifted the lid on Lyft’s financial picture, giving investors a first look at the company’s financial information.
FutureCar Staff 2019-03-01 14:39 PT
German automakers BMW and Daimler AG, announced today they are joining forces with a $1 billion euros ($US1.1 billion) investment in a new joint venture to provide seamless urban mobility options to customers. The service is called “Your Now”. The two automakers are combining five separate joint ventures together under one mobility brand which will be accessible using a single smartphone app.
Eric Walz2019-02-22 13:55 PT
If you thought autonomous vehicles would be the only machines that could be hacked, you’re wrong. Researchers from Zimperium found that the Xiaomi M365 electric scooter could be hacked to accelerate or brake.
Vineeth Joel Patel2019-02-18 06:00 PT
On Wednesday, the California DMV released its annual disengagement report. The newly released report, which is also available to the public, provides some surprising insights into the progress made by all 48 company testing autonomous vehicles in California and Waymo is clearly ahead of the pack.
Eric Walz2019-02-13 16:30 PT
Nuro announced today that it has raised $940 million in its latest round of financing from the SoftBank Vision Fund. The company is developing small self-driving vehicles that can be used for on-demand e-commerce to deliver goods.
Eric Walz2019-02-11 13:39 PT
Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.
Eric Walz2019-01-28 11:32 PT
BMW i-Ventures has invested in another automotive industry startup. The automaker’s venture capital arm announced an investment this week in Urgent.ly, a Virginia-based company that developed a roadside assistance platform that connects drivers directly to emergency service providers.
FutureCar Staff 2019-01-25 18:14 PT
This year's CES in Las Vegas showcased some amazing technology. Here are some of the highlights.
FutureCar Staff 2019-01-11 14:35 PT
Eric WalzOct 16, 2019 11:00 AM PT
Eric WalzOct 15, 2019 4:30 PM PT
FutureCar Staff Oct 15, 2019 11:00 AM PT
Vineeth Joel PatelOct 15, 2019 5:30 AM PT