PayPal will invest $500 million in Uber, the ride-hailing company revealed in an updated IPO filing on Friday. Uber is preparing to go public on the New York stock exchange, and set its share price at $44 to $50 per share in an amended S-1 filing to the SEC. At the high end, this price… Continue reading PayPal is investing $500 million into Uber as part of the ride-hailing firm’s $90 billion IPO
Category: Automotive
UPDATE 2-Tesla’s Musk agrees to new vetting rules for tweets in SEC deal
NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to vetting by its legal counsel, according to a court filing on… Continue reading UPDATE 2-Tesla’s Musk agrees to new vetting rules for tweets in SEC deal
2018 Camry and Sienna Get Spring Makeover Thanks to CarPlay and Amazon Alexa Retrofit
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Wheely Secures $15M in Series B Funding
Wheely, a London, UK-based luxury ride hailing startup, raised $15m in Series B funding. The round was led by Concentric with participation from Oleg Tscheltzoff, Misha Sokolov and others. The company intends to use the funds to continue to expand its reach, starting with Paris in the next summer. Founded in 2010 by Anton Chirkunov,… Continue reading Wheely Secures $15M in Series B Funding
UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021
WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading UPDATE 1-Toyota abandons plan to install U.S connected vehicle tech by 2021
Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in… Continue reading Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
Toyota abandons plan to install U.S connected vehicle tech by 2021
WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.… Continue reading Toyota abandons plan to install U.S connected vehicle tech by 2021
Monitoring CO2 emissions from passenger cars and vans in 2013
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UPDATE 1-Tesla’s Elon Musk reaches deal with SEC over Twitter use
NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday. FILE PHOTO: Tesla Inc. CEO Elon Musk (C) exits after attending a S.E.C. hearing at the Manhattan Federal… Continue reading UPDATE 1-Tesla’s Elon Musk reaches deal with SEC over Twitter use
Ford Says Justice Department Has Opened Criminal Inquiry Into Emissions Issues
The Justice Department has opened a criminal investigation into Ford Motor’s emissions-certification process, the company said on Friday.