Uber unveils IPO terms that temper expectations

(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers told Uber last year it… Continue reading Uber unveils IPO terms that temper expectations

Uber aims for $90bn stock market debut

Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation. The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth… Continue reading Uber aims for $90bn stock market debut

Uber sets terms for IPO, posts $1 billion first-quarter loss

FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of… Continue reading Uber sets terms for IPO, posts $1 billion first-quarter loss

UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss

(Updates with PayPal deal, detail on roadshow) By Joshua Franklin April 26 (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. Uber also said… Continue reading UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss

Ford claims it will have 100 self-driving cars on the road by the end of the year

Richard Levine | Getty Images
A Ford advertising billboard in New York City in January 2016

Ford aims to have 100 self-driving vehicles on the road by the end of the year, its president of mobility said on Thursday.

After reporting a top- and bottom-line earnings beat, Ford's Marcy Klevorn said on the company earnings call that the automaker's autonomous vehicle efforts are going well in Miami and Washington, D.C.

Klevorn said Ford makes an effort to test its autonomous vehicles in cities with a “really difficult setting to prove capability.” Compared to some of its competitors, like Tesla and GM, Ford said it prefers testing in places with seasonal weather changes and intense urban challenges.

Klevorn said Ford is focusing more on “complex miles” than point-A-to-point-B miles in an area where everyone is retired and the roads don't change a lot. The company will begin testing in a third city later this year.

The company announced in March that it would build a new factory in Michigan to expedite its autonomous vehicle efforts. Rival self-driving car companies, like Tesla and Waymo, are also expanding road tests.

Uber to kick off investor roadshow with IPO terms on Friday

FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay (Reuters) – Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with… Continue reading Uber to kick off investor roadshow with IPO terms on Friday

PSA boss: rehabilitation of Opel not yet completed

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