Last month, Uber hit 10 billion completed trips across rides and deliveries, the company announced today. This comes about one year after Uber hit five billion trips. Lyft, Uber’s main competitor in the U.S., hit half a billion rides last October. Uber officially hit the milestone on June 10, 2018 when 173 trips and deliveries simultaneously… Continue reading Uber hits 10 billion trips
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Uber self-driving cars back on public roads, but in manual mode
Uber is putting its autonomous vehicles back on Pittsburgh’s city streets, four months after a fatal accident involving one of its self-driving cars prompted the ride-hailing company to halt testing on public roads. But for now, Uber’s modified self-driving Volvo XC90 vehicles will only be driven manually by humans and under a new set of safety… Continue reading Uber self-driving cars back on public roads, but in manual mode
Ford creates new self-driving vehicle unit
(Reuters) – Ford Motor Co said on Tuesday it created a new unit called Ford Autonomous Vehicles LLC as it looks to accelerate its autonomous vehicle business. FILE PHOTO: The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse The No.… Continue reading Ford creates new self-driving vehicle unit
Elon Musk said Tesla wants to eliminate contracts for its customers (TSLA)
Tesla CEO Elon Musk said on Monday that the company is attempting to eliminate contracts for its customers and simplify the return process. Musk was replying to a Twitter user who said his sister-in-law had experienced a delay with the contract for her Model X SUV. “We’re trying to get rid of contracts completely. Should… Continue reading Elon Musk said Tesla wants to eliminate contracts for its customers (TSLA)
Volkswagen poaches BMW engine development expert Duesmann
BERLIN (Reuters) – Volkswagen (VOWG.DE) has recruited BMW (BMWG.DE) engine development and purchasing expert Markus Duesmann, it said on Tuesday, bolstering its management board with a potential candidate for the CEO vacancy at its Audi premium brand. FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference… Continue reading Volkswagen poaches BMW engine development expert Duesmann
Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Life without Uber should be simple for Grab, but a battle with regulators in Singapore could see the company’s acquisition of Uber’s Southeast Asia business unwound while some consumers have voiced concern around a lack of competition. Grab co-founder Hooi Ling Tan recently claimed competition remains in the market, but that hasn’t stopped another consumer backlash… Continue reading Southeast Asia’s Grab hit by backlash over changes to customer loyal program
Tesla explains why it asked some suppliers for retroactive discounts
Tesla has responded to a report in the Wall Street Journal Sunday that the company asked a supplier last week to return a “meaningful amount of money of its payments since 2016.”
Volta’s ad-supported electric vehicle charging service raises $35 million
As increasing numbers of electric vehicles are expected to hit the streets, thanks to new models from big automakers soon hitting the market, charging networks like Volta Charging are raising new cash to meet the expected demand. The company today said it raised $35 million from investors led by the Invenergy Future Fund, the technology investment arm… Continue reading Volta’s ad-supported electric vehicle charging service raises $35 million
3D printing and prospects of robo-glove at General Motors
At General Motors’ Lansing Delta Township Assembly Plant, Michigan, workers may use a bionic glove, named Robo-Glove, to handle mass produced 3D printed parts. Two years ago, GM initiated a project in collaboration with NASA and Bioservo to develop a grasp-assisted glove which could help increase workers’ productivity. Now, their engineers have successfully invented Robo-Glove, which allows wearers… Continue reading 3D printing and prospects of robo-glove at General Motors
Lime hits six million rides
Lime, the bike and scooter-share company that recently raised $335 million from GV, Uber and others, has hit six million rides since launching last June. Lime, which first launched in Greensboro, N.C., has since expanded to 70 cities. In comparison, Bird announced in April it hit 1 million rides since launching in November. Lime’s ridership in… Continue reading Lime hits six million rides