Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Tag: Mobility
Lyft reports adjusted profitability again as revenue per rider rises
Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises
November 4, 2021 Keoride On Demand Transport celebrates its four-year anniversary and introduces new fully accessible vehicles in the Northern Be…
November 4, 2021 Keoride On Demand Transport celebrates its four-year anniversary and introduces new fully accessible vehicles in the Northern Beaches The most successful On Demand Public Transport trial in Australia becomes an integral part of the bus services in the Northern Beaches and Lower North Shore as it reaches its four-year milestone Four new… Continue reading November 4, 2021 Keoride On Demand Transport celebrates its four-year anniversary and introduces new fully accessible vehicles in the Northern Be…
November 3, 2021 Via launches On-demand Planning, now offering the world’s first end-to-end software platform for transit planning On-demand…
November 3, 2021 Via launches On-demand Planning, now offering the world’s first end-to-end software platform for transit planning On-demand Planning is the first product launch after Via’s acquisition of Remix, and will allow cities to use data to plan efficient and equitable transportation networks, including both on-demand and fixed-route November 3, 2021 (NEW YORK) ––… Continue reading November 3, 2021 Via launches On-demand Planning, now offering the world’s first end-to-end software platform for transit planning On-demand…
Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Within a month of launching its used-vehicle business, Ola Cars claims to have sold more than 5,000 vehicles on its platform. The CEO of Ola Cars speaks to Nilesh Wadhwa on the company’s growth strategy, the sharp focus on customer satisfaction and developing an expansive service network. What is the strategy behind Ola’s diversification into… Continue reading Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Apple hires Tesla’s former Autopilot software director
Apple hasn’t been all that vocal about its electric car project, but according to Bloomberg, the iPhone maker is hiring Tesla’s Autopilot software engineer to work on its EVs. Sources close to the matter told Bloomberg that Apple scooped up Christopher “CJ” Moore to work on its self-driving software. He’ll report to Stuart Bowers, another… Continue reading Apple hires Tesla’s former Autopilot software director
@VW Group: Volkswagen to invest some €1 billion by 2026 – South America region to be geared to sustained profitability004156
Despite the continuing challenges of the corona pandemic and the worldwide semiconductor shortage, Volkswagen expects to report a positive result in Latin America for the first time since 2013. Volkswagen is to invest some €1 billion over the next five years to further strengthen its competitive situation in this important market and be geared to… Continue reading @VW Group: Volkswagen to invest some €1 billion by 2026 – South America region to be geared to sustained profitability004156
Martinrea International Inc. Outlines Its Martinrea Innovation Development Initiative
TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced Martinrea Innovation Development (MiND), a recently-established organization dedicated towards incubating, developing, and funding innovative technologies that can be… Continue reading Martinrea International Inc. Outlines Its Martinrea Innovation Development Initiative
Cruise lays out its plan for ‘how’ it will make robotaxis a reality
The string of engineers who spoke Thursday night during a deep dive into Cruise’s autonomous vehicle technology never mentioned Tesla’s name. They didn’t have to, although the message was clear enough. GM’s self-driving subsidiary Cruise presented a technical and deployment roadmap — at a granular level — that aimed to show how it has built… Continue reading Cruise lays out its plan for ‘how’ it will make robotaxis a reality
Lime raises $523M as it prepares to go public
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its… Continue reading Lime raises $523M as it prepares to go public