By Joseph White 1 Min Read FILE PHOTO: Oliver Zipse, CEO of German luxury carmaker BMW poses with a mask after BMW donated protection masks and gloves to the Federal Agency for Technical Relief (THW), as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, April 8, 2020. REUTERS/Andreas Gebert DETROIT (Reuters) –… Continue reading BMW CEO says he is weighing options for mobility JV with Daimler
Tag: Uber
Uber and Lyft Drivers in California Will Remain Contractors
[President-elect Joe Biden’s victory prompts spontaneous celebrations.] OAKLAND, Calif. — Drivers and other workers for so-called gig economy companies in California will not become their employees. California voters carried Uber and Lyft to victory, overwhelmingly approving Proposition 22, a ballot measure that allows gig economy companies to continue treating drivers as independent contractors. Uber, Lyft… Continue reading Uber and Lyft Drivers in California Will Remain Contractors
Provizio closes $6.2M seed round for its car safety platform using sensors and AI
Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives,… Continue reading Provizio closes $6.2M seed round for its car safety platform using sensors and AI
California voters approved Proposition 22, keeping ride-share and food delivery drivers as contractors — here’s what that means for companies like Uber, Lyft, Instacart, DoorDash and their workers (UBER, LYFT)
California voters approved Proposition 22, a legislation that keeps rideshare and food delivery drivers as “independent contractors” who do not qualify for state and local employee benefits like minimum wage, healthcare, or paid time off. The ballot measure, backed by Uber, Lyft, Instacart, and DoorDash, exempts firms from AB-5, a state law that would have… Continue reading California voters approved Proposition 22, keeping ride-share and food delivery drivers as contractors — here’s what that means for companies like Uber, Lyft, Instacart, DoorDash and their workers (UBER, LYFT)
Uber and Lyft gain $13 billion in combined market value after Californians approve Prop 22
Lyft executives celebrate the company’s IPO in 2019. Mario Tama/Getty Images Uber shares rose as much as 18% and Lyft shares jumped as much as 22% on Wednesday after California voters approved Proposition 22. The ballot measure’s passage means the ride-hailing companies can continue to classify their drivers as independent contractors instead of employees, exempting… Continue reading Uber and Lyft gain $13 billion in combined market value after Californians approve Prop 22
@GM: Ultium Cells LLC Seeking 1,100 Team Members to Help Power GM’s All-Electric Future
Ultium Cells LLC Seeking 1,100 Team Members to Help Power GM’s All-Electric Future Ohio plant will manufacture battery cells for the GMC HUMMER EV, Cadillac LYRIQ, Cruise Origin shared self-driving vehicle and more 2020-11-05 LORDSTOWN, Ohio – GM continues to advance toward an all-electric, zero-emissions future with the construction of its nearly 3 million-square-foot Ultium… Continue reading @GM: Ultium Cells LLC Seeking 1,100 Team Members to Help Power GM’s All-Electric Future
Toyota-backed startup Pony.ai raises $267 million in new funding round
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
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