Tag: Uber

Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the… Continue reading Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

London-based EV maker Arrival soars 10% after announcing a vehicle-development partnership with Uber (ARVL, UBER)

Arrival product chief Tom Elvidge. Arrival Shares of London-based electric automaker Arrival soared Tuesday after the company struck a deal with Uber to develop a vehicle for ride-hailing drivers. Arrival said the car will reduce emissions as Uber has pledged for its London-based service to go fully electric by 2025. The Arrival Car’s design is… Continue reading London-based EV maker Arrival soars 10% after announcing a vehicle-development partnership with Uber (ARVL, UBER)

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

Thursday Morning Auto News, Apr 29, 2021

China’s Baidu to launch paid driverless ride-hailing services in Beijing – Reuters Huawei deepens dive into EVs, seeks control of small automaker- Reuters Volkswagen plans renewable investments in CO2 reduction push – Reuters Ford CEO expects chip shortage impact to bottom in Q2, production rebound in second half of year – CNBC GM makes deals… Continue reading Thursday Morning Auto News, Apr 29, 2021

Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million

Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million

Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets

On-demand access to electric mopeds — the small, motorised scooters that you sit on, not kick — has been a small but persistent part of the multi-modal transportation mix on offer to people in cities these days. Today, a startup out of The Netherlands is announcing some funding with ambitions to make e-mopeds more mainstream,… Continue reading Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets

Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app

Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its… Continue reading Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app

4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.

Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August… Continue reading 4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.

Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)

Singapore’s ride-hailing firm Grab announced plans Tuesday to go public at a $40 billion valuation. Uber is one company poised to win big, with an investment that will be worth more than $5 billion. This is the latest pivot Uber has made in recent years as it’s pared back cash-burning endeavors. See more stories on… Continue reading Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)