Driverless cars are often marketed as a safe and convenient means of travel that allows customers to watch movies, scroll through TikTok or nap — all without worrying about taking over control. Whether it’s in a personal vehicle (which to remind everyone, there are currently no personal autonomous cars for sale) or ride-hailing service like… Continue reading Why Halo is betting on a remote-operated car-sharing service
Author: Tech Crunch Online News
Tepid investor reaction clouds Lyft’s new strategy
The company’s bet on a slimmer, more-focused business echos tech’s trend of doing more with less Alex Wilhelm Anna Heim 7 hours Shares of Lyft are off sharply this morning, falling nearly 20% in early trading. The company’s equity is selling off in the wake of the U.S. ride-hailing giant’s first quarter results and its… Continue reading Tepid investor reaction clouds Lyft’s new strategy
Lyft shares tumble as investors react to dim outlook
Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains. Shares have since stabilized in after-hours trading, now trading down about 10%. Lyft beat both its own revenue expectations and Wall Street’s, but it… Continue reading Lyft shares tumble as investors react to dim outlook
Alexa’s new feature lets your Echo speaker announce your Uber Eats order updates
Wondering where your Uber Eats order is? Alexa will soon be able to tell you. Amazon today announced a new partnership with Uber that will give Echo device owners the ability to track their Uber Eats orders via Amazon’s voice assistant. Starting later this month, Uber Eats users will be able to turn on a… Continue reading Alexa’s new feature lets your Echo speaker announce your Uber Eats order updates
Waymo doubles robotaxi service area in Phoenix in bid to grow driverless trips tenfold
Waymo is doubling its commercial robotaxi service area in the Phoenix metro area, an expansion that will add new suburbs and connect previously isolated sections of the sprawling and car-dependent desert city. The service area, which now includes Scottsdale, nearly of Tempe and larger sections of Chandler and Mesa, is 180 square miles in size.… Continue reading Waymo doubles robotaxi service area in Phoenix in bid to grow driverless trips tenfold
Musk’s The Boring Company to expand Vegas Loop to 18 new stations
The Boring Company, Elon Musk’s project to build underground highways to alleviate traffic congestion, received approval Wednesday to expand its “Vegas Loop,” an underground tunnel system beneath Las Vegas that shuttles passengers via Tesla vehicles. The expansion, approved by Clark County, Nevada commissioners, will expand the network by 25 miles, allowing for 18 new stations… Continue reading Musk’s The Boring Company to expand Vegas Loop to 18 new stations
Joby Aviation lands $180M equity investment from returning backer Baillie Gifford
Baillie Gifford is buying nearly 44 million newly issued shares in Joby Aviation, a purchase that will provide a $180 million injection of capital into the company as it continues to develop all-electric aircraft for a commercial passenger service. Joby Aviation said Wednesday as part of its first-quarter earnings report that it will sell 43,985,681… Continue reading Joby Aviation lands $180M equity investment from returning backer Baillie Gifford
Stripe, a longtime partner of Lyft, signs a big deal with Uber
Growth at $50 billion fintech Stripe has been slowing this year, but one of its key strategies to reverse that course got a decent push today: Stripe is announcing that it has inked a “strategic payments partnership” with Uber. The pair will work together initially on selected services in eight of Uber’s biggest markets, including… Continue reading Stripe, a longtime partner of Lyft, signs a big deal with Uber
Ford Q1 earnings rebound as trucks and fleet sales drive profits
Ford reported its first quarter 2023 earnings Tuesday after the bell, and it marks the first time the legacy automaker will break down earnings by its three new business units: Ford Blue for the iconic gas and hybrid vehicles, Ford Model e for electric vehicles, and Ford Pro for commercial products and services. The automaker… Continue reading Ford Q1 earnings rebound as trucks and fleet sales drive profits
Ford slashes prices on its all-electric Mustang Mach-E as it reopens orders
Ford cut the price of its all-electric Mustang Mach-E by as much as $4,000 while adding range and other features — the latest move in an EV price war sparked by Tesla. Ford said Tuesday it is reopening its order book and preparing to ramp production of the vehicle in the second half of 2023,… Continue reading Ford slashes prices on its all-electric Mustang Mach-E as it reopens orders