SAN FRANCISCO (Reuters) – General Motors Co’s (GM.N) self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service. Dan Ammann, chief executive officer of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of… Continue reading GM’s Cruise unit unveils driverless prototype vehicle for ride-sharing service
Tag: Uber
UPDATE 1-GM’s Cruise unit unveils driverless vehicle for ride-sharing service
(Reuters) – General Motors Co’s self-driving car unit, Cruise, on Tuesday unveiled an electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service, but did not say when it would go into production. The vehicle, named “Cruise Origin”, was developed with Honda Motor Co Ltd, which took a minority… Continue reading UPDATE 1-GM’s Cruise unit unveils driverless vehicle for ride-sharing service
Uber surges 6% after offloading its Indian food-delivery business (UBER)
Uber announced Monday that it had sold its Indian food-delivery service to competitor Zomato for a 9.99% stake. Shares of Uber surged as much as 6% Tuesday. Offloading parts of the business that are not profitable brings Uber closer to its goal of being profitable on an Ebitda basis by 2021. Watch Uber trade live… Continue reading Uber surges 6% after offloading its Indian food-delivery business (UBER)
China’s startup funding slump hits early-stage businesses
SHANGHAI/TOKYO — Chinese startups are facing an increasingly tough financing landscape after data showed a slide in the amount raised last year as investors shift to backing companies with track records. Chinese startups raised 774.1 billion yuan ($112 billion) in 2019, down nearly 36% from a year ago, according to Jingdata, a unit of an… Continue reading China’s startup funding slump hits early-stage businesses
Uber experiment lets California drivers set their own fares
Sponsored Links SIPA USA/PA Images Uber is testing another new feature in what is presumably a bid to help mitigate the restrictions of Assembly Bill 5, which requires the company to treat its drivers as employees, not independent contractors. Some drivers in California will now have the ability to set their own fares, which could… Continue reading Uber experiment lets California drivers set their own fares
Equity: Uber sells its Eats business in India, Qonto raises, and Tesla says no
Good morning, friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Equity’s regular, long-form shows still land each and every Friday, including this entry from just a few days ago. This morning, coming to you early from the frozen tundra of the American East Coast, it’s Tuesday. That’s… Continue reading Equity: Uber sells its Eats business in India, Qonto raises, and Tesla says no
African fintech firm Flutterwave raises $35M, partners with Worldpay
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB — told TechCrunch. The company will… Continue reading African fintech firm Flutterwave raises $35M, partners with Worldpay
UPDATE 1-Uber tests feature allowing some California drivers to set fares
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors… Continue reading UPDATE 1-Uber tests feature allowing some California drivers to set fares
Meet the Sony Electric Car (Yes, From the PlayStation People)
The biggest surprise at CES 2020, at least for us, wasn’t some game-changing foldable smartphone or a robot that can wash the dishes for you. Instead Sony, a company that’s famous for making consumer electronics like the PlayStation and Walkman, and for starting the mirrorless DSLR trend, announced a car. It’s a battery-electric vehicle called… Continue reading Meet the Sony Electric Car (Yes, From the PlayStation People)
Uber sells food delivery business in India to Zomato
Uber said on Tuesday it has sold its food delivery business, Uber Eats, in India to local rival Zomato as the American ride-hailing giant races to shed lossmaking operations to become profitable by next year. As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the… Continue reading Uber sells food delivery business in India to Zomato