By Reuters Staff 2 Min Read FILE PHOTO: Toyota-backed self driving company Pony.ai begins to provide autonomous electric vehicles to deliver packages from local e-commerce platform Yamibuy during the outbreak of the coronavirus disease (COVID-19) in Irvine, California, U.S., April 28, 2020. REUTERS/Mike Blake SHANGHAI (Reuters) – Pony.ai, backed by Toyota Motor Corp, said on… Continue reading Toyota-backed startup Pony.ai raises $267 million in new funding round
Tag: Uber
Uber: Uber Announces Results for Third Quarter 2020
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2020. Financial Highlights for Third Quarter 2020 Gross Bookings declined to $14.7 billion, down 10% year-over-year, or 8% on a constant currency basis, with Mobility Gross Bookings declining 50% and Delivery Gross Bookings growing 135% year-over-year, respectively, on… Continue reading Uber: Uber Announces Results for Third Quarter 2020
Provizio Raises $6.2M in Funding
Provizio, an Ireland-based Accident Prevention Technology company, raised 6.2m in funding. Backers included Bobby Hambrick, the founder of Autonomous Stuff and the founders of Movidius (the Intel acquired leader in mobile vision processor chip design) along with the European Innovation Council (EIC) and ACT Venture Capital, Involved in Provizio also are Dr. Scott Thayer and… Continue reading Provizio Raises $6.2M in Funding
California Voters Side with Uber, Lyft in Battle over Gig Worker Labor Laws
Experts warn it could set an expectation that large companies can circumvent the government when legislation is passed that goes against their interests. Photo via Todd Lappin/Flickr. Millions of California voted to pass Proposition 22, classifying app-based drivers as gig workers, not employees. Backed by Uber, Lyft, and food delivery apps such as Postmates, Prop 22 exempts… Continue reading California Voters Side with Uber, Lyft in Battle over Gig Worker Labor Laws
Waymo pauses operations in San Francisco, stays the course in Phoenix on Election Day
Waymo has taken a dual approach to operations on Election Day. In San Francisco, where Waymo has been testing its autonomous vehicles, driving operations have been temporarily suspended Tuesday and Wednesday “out of an abundance of caution.” Its fleet of autonomous vehicles was moved Monday to nearby Mountain View, according to an internal email first… Continue reading Waymo pauses operations in San Francisco, stays the course in Phoenix on Election Day
German Manager Magazin: Oliver Zipse, BMW: “A hard Brexit won’t kill us” 000295
BMW boss Oliver Zipse (56) sees the elections in the USA and the struggle for one Brexit trade agreement calmly. “We can get along with any government,” Zipse told journalists in Munich. And if Great Britain and the EU should collect customs duties on cars and parts from January, that would be a burden, but… Continue reading German Manager Magazin: Oliver Zipse, BMW: “A hard Brexit won’t kill us” 000295
Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
Like most shared scooter companies, Lime was hit hard by the coronavirus pandemic. “We saw a 95 percent drop in ridership,” Lime CEO Wayne Ting says in an interview. “We’re a mobility company. And one of the things with mobility companies, when communities shut down, riders shut down.” But while the world still remains in… Continue reading Lime’s CEO on the future of scooters: ‘COVID has turned from a headwind into a tailwind’
German Manager Magazin: Uber offers BMW and Daimler more than one billion euros for FreeNow000264
The American taxi and mobility service Uber is offering well over a billion euros for the FreeNow joint venture between the car manufacturers BMW and Daimler. Uber wants the partners according to information from manager magazin each pay a high three-digit million amount . The decision to sell has not yet been made. Daimler boss… Continue reading German Manager Magazin: Uber offers BMW and Daimler more than one billion euros for FreeNow000264
Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
A group of Uber drivers say the company’s messaging in favor of California’s Proposition 22 is breaking the law. In their lawsuit filed Thursday, they say the “threatening” and “coercive” messages break a 1915 law. An Uber spokesperson called the lawsuit “absurd” and said it lacked any merit. Prop. 22 would allow Uber and its… Continue reading Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin
By Reuters Staff 1 Min Read FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez FRANKFURT (Reuters) – Ride-hailing firm Uber UBER.N has offered more than 1 billion euros to buy Daimler DAIGn.DE and BMW’s BMWG.DE joint mobility services company Freenow, Manager… Continue reading Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin