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Exor to Invest $200 million for a 9% Stake in Ride-Hailing Company Via Transportation

Exor to Invest $200 million for a 9% Stake in Ride-Hailing Company Via Transportation

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

Former Head of Google’s Self-Driving Car Project Pleads Guilty to Stealing Trade Secrets

Former Head of Google’s Self-Driving Car Project Pleads Guilty to Stealing Trade Secrets

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

Waymo, Others Stop Testing Self-Driving Cars on California Roads Due to the Coronavirus

Waymo, Others Stop Testing Self-Driving Cars on California Roads Due to the Coronavirus

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 Buys U.S. Digital Advertising Startup Halo Cars

Ride-Hailing Company Lyft Buys U.S. Digital Advertising Startup Halo Cars

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

Myle Technologies Launches its Ride-Hailing Service New York City to Compete with Uber & Lyft

Myle Technologies Launches its Ride-Hailing Service New York City to Compete with Uber & Lyft

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

Hyundai S-A1 Flying Taxi Could Help Uber Go Airborne by 2023

Hyundai S-A1 Flying Taxi Could Help Uber Go Airborne by 2023

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

Uber, Distracted Driver Cited for Fatal Crash in Arizona Claims NTSB

Uber, Distracted Driver Cited for Fatal Crash in Arizona Claims NTSB

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 to Trial Luxury Ride-Hailing Service with Tesla & Mercedes Benz Vehicles

Didi Chuxing to Trial Luxury Ride-Hailing Service with Tesla & Mercedes Benz Vehicles

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

Lyft is Encouraging People to Sell Their Vehicles for Ride-hailing Credit

Lyft is Encouraging People to Sell Their Vehicles for Ride-hailing Credit

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

Uber Reports $1.2 Billion Loss in Q3, CEO Says the Company Will Be Profitable by 2021

Uber Reports $1.2 Billion Loss in Q3, CEO Says the Company Will Be Profitable by 2021

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

Waymo is Offering Robotaxi Pickups in Arizona with No Safety Driver Behind the Wheel

Waymo is Offering Robotaxi Pickups in Arizona with No Safety Driver Behind the Wheel

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

Apple’s Hometown to Launch On-Demand Public Transit Service in Partnership With Via

Apple’s Hometown to Launch On-Demand Public Transit Service in Partnership With Via

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

Ride-Hailing Giant Uber Posts $5 Billion Loss as Growth Slows

Ride-Hailing Giant Uber Posts $5 Billion Loss as Growth Slows

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 Spins Off its Autonomous Driving Unit as an Independent Company

Didi Chuxing Spins Off its Autonomous Driving Unit as an Independent Company

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 Launching a $108 Billion Tech Fund That Will Invest in AI Development

SoftBank Launching a $108 Billion Tech Fund That Will Invest in AI Development

​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 Cruise Delays the Launch of its Commercial Robotaxi Service in San Francisco

GM Cruise Delays the Launch of its Commercial Robotaxi Service in San Francisco

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 Offering Free WiFi in its Robo-Taxis to Lure in Riders

Waymo is Offering Free WiFi in its Robo-Taxis to Lure in Riders

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

Japan’s Softbank Launching a Satellite Navigation Service for Autonomous Vehicles

Japan’s Softbank Launching a Satellite Navigation Service for Autonomous Vehicles

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 Off to a Rocky Start in Stock Market Debut as Stock Slips 7%

Uber Off to a Rocky Start in Stock Market Debut as Stock Slips 7%

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

Lyft Users Will Soon Be Able to Summon a Self-Driving Waymo Minivan in Arizona

Lyft Users Will Soon Be Able to Summon a Self-Driving Waymo Minivan in Arizona

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

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