A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted basis since it launched more… Continue reading Technology · November 4, 2021 · 11:02 PM UTCUber makes first operating profit as driver shortage easesUber Technologies Inc on Thursday reported its f…
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Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Tesla and Hertz are reportedly in the middle of a disagreement over how fast the former can deliver the 100,000 electric cars that the rental company ordered. Last week, Hertz announced that they ordered 100,000 Tesla vehicles, then partnered with Uber to provide 50,000 of them to their drivers with an option for 100,000 more. It… Continue reading Tesla and Hertz reportedly have a disagreement over how fast Tesla can deliver 100,000 electric cars
Uber: Uber Announces Results for Third Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2021. Financial Highlights for Third Quarter 2021 Gross Bookings grew 57% year-over-year (“YoY”) to $23.1 billion, or 53% on a constant currency basis, with Mobility Gross Bookings of $9.9 billion (+67% YoY) and Delivery Gross Bookings of $12.8… Continue reading Uber: Uber Announces Results for Third Quarter 2021
Parsing Hertz’s Big EV Bet
Given the ease to consumers of using an Uber, car rental companies were forced to up their game. Hertz’s deal with Tesla helps its need to restock fleet post pandemic, and garnered much positive press. Photo by Charlie Deets on Unsplash The rental car and electric vehicle worlds have been abuzz with the announcement of a “deal” between Hertz… Continue reading Parsing Hertz’s Big EV Bet
CarTrawler Adds Fabrizio Ruggiero to Board
Fabrizio Ruggiero joins execs from British Airways and JetBlue to CarTrawlers board of directors. Photo via CarTrawlers CarTrawler, provider of car rental and mobility solutions to the global travel industry, announces Fabrizio Ruggiero will join its board of directors. Ruggiero brings 15 years of auto industry experience, including serving as CEO of Edenred Italia and former deputy… Continue reading CarTrawler Adds Fabrizio Ruggiero to Board
Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021
LONDON, Nov 3 (Reuters) – Tesla cars from Wednesday will be available to Uber (UBER.N) drivers in London looking to buy or lease a green vehicle as part of an incentive scheme to boost electric car use, the ride-hailing app said. Since Uber introduced a clean air fee, which adds 3 pence (4 cents) to… Continue reading Autos & TransportationTesla added to Uber London plan to boost electric car uptakeNovember 3, 2021
Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
Nov 1 (Reuters) – Rivian Automotive Inc, which is backed by Amazon.com Inc (AMZN.O), is targeting a valuation of more than $53 billion for its U.S. debut, making the electric vehicle manufacturer potentially almost as valuable as rival Honda Motor (7267.T). The startup is looking to raise up to $8.4 billion, setting it up to… Continue reading Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
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. Hello readers: Welcome to The Station, your spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
Hertz says it may expand supply of Teslas to Uber to 150,000
The logo of car rental company Hertz is seen at a branch office in Zurich, Switzerland November 17, 2020. REUTERS/Arnd Wiegmann SAN FRANCISCO, Oct 28 (Reuters) – Rental car company Hertz (HTZZ.PK) said on Thursday it could expand plans to supply Tesla (TSLA.O) vehicles to Uber (UBER.N) to 150,000 during the next three years from… Continue reading Hertz says it may expand supply of Teslas to Uber to 150,000
Tesla order could double to 200,000 Model 3s to satisfy deal with Uber, says Hertz CEO
Hertz CEO Mark Fields revealed that its deal to supply Tesla vehicles to Uber includes an option on 100,000 more Tesla Model 3s, which would double its total order to 200,000 vehicles. Earlier this week, Hertz announced that it ordered 100,000 Model 3 vehicles from Tesla as part of a new plan to electrify its fleet.… Continue reading Tesla order could double to 200,000 Model 3s to satisfy deal with Uber, says Hertz CEO