Uber has partnered with trucking startup CloudTrucks to make it easier for its ride-hail drivers to get jobs as truckers during the pandemic. Described as a “business in a box,” CloudTrucks is designed to make it easier for truck owners and operators to run their businesses. Through software and data science, CloudTrucks aims to reduce… Continue reading Uber partners with CloudTrucks to help drivers get trucking jobs
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As Uber (reportedly) squeezes Lime, scooter startups run low on juice
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. In December of 2019, this column wrote an entry detailing Uber’s micro-mobility efforts. Just six months ago — a mere two quarters — Uber’s Jump team was on the record saying that its parent company… Continue reading As Uber (reportedly) squeezes Lime, scooter startups run low on juice
Lyft offers new cheaper rides with more waiting time
FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid (Reuters) – Lyft Inc (LYFT.O) said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against the coronavirus outbreak… Continue reading Lyft offers new cheaper rides with more waiting time
Judge questions VW’s defense in landmark case over diesel damages
FILE PHOTO: A logo is seen on a Volkswagen Beetle car during a ceremony marking the end of production of VW Beetle cars, at company’s assembly plant in Puebla, Mexico, July 10, 2019. REUTERS/Imelda Medina/ KARLSRUHE, Germany (Reuters) – A German federal court judge cast doubt on Volkswagen’s (VOWG_p.DE) reasoning after the carmaker urged the… Continue reading Judge questions VW’s defense in landmark case over diesel damages
Italy’s CNH Industrial aims for full production by end of May
FILE PHOTO: Flags with CNH Industrial logo are pictured outside CNH Industrial building in Turin, Italy, February 5, 2020. REUTERS/ Massimo Pinca MILAN (Reuters) – Vehicle and equipment maker CNH Industrial (CNHI.MI) said on Tuesday it planned to return progressively to full operations at most of its facilities around the world by the end of… Continue reading Italy’s CNH Industrial aims for full production by end of May
Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years
Uber is reportedly considering leading a $170 million emergency fundraising round for the scooter startup Lime, according to the Information. The terms of the deal will hit the scooter startup hard. The round will reportedly slash Lime’s valuation to $510 million, a 79% slide from the startup’s whopping valuation of $2.4 billion in 2018. As… Continue reading Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years
BYD Enters European EV Car Market Starting With Tang SUV and Norway
BYD sets out European EV expansion strategy (Norway identified for introduction of 520km BYD Tang SUV) Netherlands • 2020-05-04 BYD Europe has today announced its strategy to embark upon the trial introduction of passenger cars in Europe, alongside longer-term plans to bring new BYD LCV and eTruck ranges to the European market. To mark the… Continue reading BYD Enters European EV Car Market Starting With Tang SUV and Norway
CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis
JERUSALEM/NEW YORK (Reuters) – Chipmaker Intel Corp (INTC.O) has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving “robotaxis” that could take to the streets in early 2022, the company said on Monday. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah… Continue reading CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis
Ford COO makes second largest exec purchase of Ford stock in 10 years
CLOSE Ford Motor Co.’s $2 billion loss in the first quarter is no deterrent to its COO Jim Farley. Farley, 57, paid about $1 million to buy 194,950 shares of Ford stock Thursday at about $5.13 a share, Ford said in documents filed with the Securities and Exchange Commission on Monday. Farley now owns 828,922 Ford shares. The purchase… Continue reading Ford COO makes second largest exec purchase of Ford stock in 10 years
Tesla stock rise appears to qualify CEO Musk for $700 million payday
(Reuters) – Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company’s stock price was too high. FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7,… Continue reading Tesla stock rise appears to qualify CEO Musk for $700 million payday