The first test flight of the autonomous air taxi of Airbus, Vahana, has completed its test flight. On a special site in Pendleton, US Oregon became the first test of Vahana successfully held. It flew the Airbus Autonomous Transporter at a height of five meters and then landed successfully. Vahana – Autonomous air taxi from… Continue reading Airbus: Vahana test successful
Tag: Uber
Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute
UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt… Continue reading UPDATE 8-Waymo accepts $245 mln and Uber’s ‘regret’ to settle self-driving car dispute
Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit
After months of breathless anticipation and a week of bro-tastic testimony, the Waymo v. Uber lawsuit, in which Google’s driverless tech arm sued the ride-hailing pioneer over allegedly stolen autonomous vehicle technology, is over. In a surprise move, Uber announced today that it has settled with Waymo, offering the company 0.34 percent of Uber’s equity at its current… Continue reading Uber and Waymo Reach $245M Settlement in Driverless Tech Lawsuit
Toyota invests $69M in Japanese Uber rival backed by the taxi industry
This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competitors has just landed a big cash infusion and highly influential backer after Toyota backed JapanTaxi. The auto giant said it… Continue reading Toyota invests $69M in Japanese Uber rival backed by the taxi industry
Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Report: Ride Hailing Accounted for 65% of Business Travel Expense Transaction Volume in 2017
Photo via Mark Warner/Flickr Automated travel and entertainment expense management software provider, Certify, announced the results of its fifth, full-year SpendSmart Report with analysis of U.S. business travel and expense spending trends for 2017. The Certify SpendSmart report tracks business travel expense spending across major categories such as food, airlines, lodging, and car rental. The… Continue reading Report: Ride Hailing Accounted for 65% of Business Travel Expense Transaction Volume in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Lyft considered buying the startup at the center of Alphabet’s suit against Uber
The timeline of events leading up to Uber’s acquisition of self-driving trucking startup Otto has always been a bit muddled. But Alphabet’s lawsuit against Uber, which centers on that acquisition, has yielded more information about that deal. Today, on the third day of trial in the U.S. district court for the Northern District of California,… Continue reading Lyft considered buying the startup at the center of Alphabet’s suit against Uber