Cruise has for years tested its self-driving cars in San Francisco and planned to offer rides to the public. “The chaotic, gritty streets of SF are our launchpad,” Cruise’s then-CEO Dan Ammann wrote in a 2020 blog post. “An electric car, driving by itself, navigating one of the most difficult driving cities in the world.”… Continue reading GM’s robotaxis are only coming out after dark – CNN
Tag: Uber
Uber posts quarterly profit on strong delivery, recovering ride demand
Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. The company’s first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started… Continue reading Uber posts quarterly profit on strong delivery, recovering ride demand
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Uber: Uber Announces Results for Fourth Quarter and Full Year 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter and full year ended December 31, 2021. Financial Highlights for Fourth Quarter 2021 Gross Bookings grew 51% year-over-year (“YoY”) to $25.9 billion, or 50% on a constant currency basis, with Mobility Gross Bookings of $11.3 billion (+67% YoY) and Delivery Gross… Continue reading Uber: Uber Announces Results for Fourth Quarter and Full Year 2021
Uber’s app will beep until you buckle your seatbelt
Uber has no qualms about annoying its customers to pressure them to do something. The latest example is a new feature that will emit a series of chimes until passengers buckle their seatbelts. Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts. (Google “Uber seatbelt sign,” and you’ll see plenty… Continue reading Uber’s app will beep until you buckle your seatbelt
Joby Aviation to launch air taxi service in South Korea
California-based electric vertical takeoff and landing startup Joby Aviation plans to offer an air taxi service in South Korea in partnership with SK Telecom (SKT), one of the country’s largest telecommunication companies. The two partners signed a strategic collaboration agreement on Sunday at Joby’s manufacturing facility in Marina, California. To provide better integration between land… Continue reading Joby Aviation to launch air taxi service in South Korea
Joby Aviation wants to conduct dramatic eVTOL flights over San Francisco Bay
Joby Aviation is seeking permission for a series of high-profile air taxi flights over San Francisco Bay, according to documents filed with the FCC and obtained by TechCrunch. The tests of the startup’s second-generation pre-production prototype, called the S4, would be the first in full view of the public and the first in an urban… Continue reading Joby Aviation wants to conduct dramatic eVTOL flights over San Francisco Bay
Cowboy raises $80M to take its e-bike business up a gear
The pandemic spurred a boom in electric bikes and other alternative urban transportation modes as city dwellers looked for less-crowded ways to get around their streets quickly and easily without resorting to cars. Now, one of the companies that benefitted from that trend is announcing a big round of funding to expand its business. Cowboy,… Continue reading Cowboy raises $80M to take its e-bike business up a gear
Autonomous trucking startup TuSimple gets a million-square-foot facility at AllianceTexas
Real estate developer Hillwood is making a large bet on autonomous trucking taking off. Global autonomous driving tech company TuSimple is getting a 1-million-square-foot facility at Hillwood’s 27,000-acre AllianceTexas development in North Fort Worth. It will have launch pads and landing pads for autonomous trucks that use TuSimple’s Autonomous Driving System. TuSimple trucks drive on… Continue reading Autonomous trucking startup TuSimple gets a million-square-foot facility at AllianceTexas
The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla