FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies’ Uber Eats services.… Continue reading Amazon to shut restaurant delivery service in U.S
Author: Ritters US Newsfeed
Uber chief executive laments U.S. trade policy for lackluster IPO
WASHINGTON/NEW YORK (Reuters) – Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price. Uber CEO Dara Khosrowshahi speaks at the The Economic Club of Washington in Washington D.C., U.S. June 11, 2019. REUTERS/Carlos… Continue reading Uber chief executive laments U.S. trade policy for lackluster IPO
End of the road for Volkswagen’s self-driving Aurora deal
BERLIN, June 11 (Reuters) – Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler . “The activities under our partnership have been concluded,” a VW spokesman said in a statement on Tuesday following an… Continue reading End of the road for Volkswagen’s self-driving Aurora deal
Ford denies it is in the self-driving slow lane
TEL AVIV (Reuters) – Ford Motor Co may be taking a cautious approach to its autonomous driving program, but its chairman rejected claims that the U.S. automaker was falling behind its peers. FILE PHOTO: The Ford logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of New York… Continue reading Ford denies it is in the self-driving slow lane
Renault/Fiat case ‘not closed’, says French transport minister
French Transport Minister Elisabeth Borne delivers a speech during the official inauguration of the CMA CGM Antoine de Saint Exupery container ship in Le Havre, France September 6, 2018. REUTERS/Benoit Tessier PARIS (Reuters) – Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said… Continue reading Renault/Fiat case ‘not closed’, says French transport minister
France’s Ucar offers new car service as competition intensifies
PARIS, June 11 (Reuters) – French car hire service Ucar on Tuesday said users can now hire a new car with prices starting from 49 euros ($55.5) a month, amid intense competition in the sector. Ucar is one of many car-hire firms looking to challenge the dominance of companies such as ride-hailing app Uber. In… Continue reading France’s Ucar offers new car service as competition intensifies
Uber’s European rival Bolt enters London market, again
FILE PHOTO: A Bolt (formerly known as Taxify) sign is seen on the taxi car in Riga, Latvia April 9, 2019. REUTERS/Ints Kalnins TALLINN (Reuters) – Estonia’s Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers… Continue reading Uber’s European rival Bolt enters London market, again
CORRECTED-Employees sour on Tesla amid cost-cutting, layoffs
SAN FRANCISCO (Reuters) – Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover. FILE PHOTO: Tesla workers examine a Model S used for training and tool calibration at the company’s factory in Fremont, California, June 22,… Continue reading CORRECTED-Employees sour on Tesla amid cost-cutting, layoffs
Nissan CEO got higher stock-linked bonus after payout date changed, former director Kelly says
TOKYO (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa was granted an exception in 2013 to reschedule a stock-linked bonus that bumped up the payout by 47 million yen ($432,382), former Representative Director Greg Kelly told magazine Bungei Shunju. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference… Continue reading Nissan CEO got higher stock-linked bonus after payout date changed, former director Kelly says
Renault rift with Nissan widens over governance, casts shadow on alliance
TOKYO/PARIS (Reuters) – The two-decade-old partnership of Renault SA and Nissan Motor Co was plunged into fresh crisis on Monday, as the French automaker’s demand for a greater say in Nissan’s new governance system drew rare public censure by the Japanese firm. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in… Continue reading Renault rift with Nissan widens over governance, casts shadow on alliance