By Tina Bellon, Akanksha Rana 4 Min Read (Reuters) – Lyft Inc said on Tuesday it stood by its goal to become profitable on an adjusted basis by the end of this year despite the pandemic, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021. FILE PHOTO: The Lyft Driver Hub… Continue reading Lyft maintains goal of profitability by end-2021, sees rides recovery in second quarter
Tag: Mobility
Tesla will complete R&D center this year to design new $25,000 electric car
Tesla is on track this year to complete its new R&D center in Shanghai that will engineer and design its new $25,000 electric car. Tesla R&D center in China Just over a year ago, Tesla announced plans to establish a new R&D and design center in China to build “a Chinese-style” electric car. Tesla started taking… Continue reading Tesla will complete R&D center this year to design new $25,000 electric car
@VW Group: Dynamic and high-caliber: the online world premiere of the Audi e-tron GT
With an energized driving demonstration and a world premiere featuring high-caliber participants, Audi has presented its new electric spearhead – the Audi e-tron GT. In two events on the digital Day of Progress, the Four Rings showcased the highlights of this fully electric gran turismo: dynamic driving performance, emotional design, and sustainability. “The e-tron GT is… Continue reading @VW Group: Dynamic and high-caliber: the online world premiere of the Audi e-tron GT
Tesla and Musk risk wearing out China welcome over quality fears
HONG KONG — Few foreign automobile companies have enjoyed the kind of policy support Tesla has had in China — but Beijing’s latest action towards Elon Musk’s company is a shot across the bows not to take its lofty position in the world’s largest car market for granted. Tesla’s executives in Shanghai and Beijing have… Continue reading Tesla and Musk risk wearing out China welcome over quality fears
Uber: Walgreens and Uber Join Forces to Address Barriers to COVID-19 Vaccine Equity
DEERFIELD, Ill. & SAN FRANCISCO–(BUSINESS WIRE)–Walgreens and Uber Technologies, Inc. (NYSE: UBER), a global leader in ridesharing and on-demand delivery technology, today announced that they have entered into an agreement to help drive equitable access to COVID-19 vaccines among underserved communities. Together, Uber and Walgreens will combine their expertise to address common barriers to health equity… Continue reading Uber: Walgreens and Uber Join Forces to Address Barriers to COVID-19 Vaccine Equity
6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Uber has acquired startups like Drizly, Postmates, and Cornershop in recent years. Any future acquisitions would likely focus on deliveries, an expert told Insider. He said Chowbus, Black and Mobile, and NimbleRx are among the startups Uber is most likely to buy. Visit the Business section of Insider for more stories. Uber has increased its… Continue reading 6 startups that Uber could acquire as it battles DoorDash to rule delivery, an expert says (UBER)
Volkswagen explores flying cars in China
By Reuters Staff 2 Min Read FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. Picture taken March 1, 2019. REUTERS/Fabian Bimmer/File Photo HAMBURG (Reuters) – Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday,… Continue reading Volkswagen explores flying cars in China
Cruiser Motorbikes to Stimulate Revenue Pools, Technological Innovations at the Core of Key Manufacturers: Fact.MR
NEW YORK, Feb. 9, 2021 /PRNewswire/ — Fact.MR’s recently published report on the global motorcycle market forecasts an optimistic outlook for 2021 compared to 2020. Despite a pandemic-induced recession, the market has rebounded well since the fourth quarter, and is likely to remain stable throughout the current year. Projections for the forthcoming decade are pegged at… Continue reading Cruiser Motorbikes to Stimulate Revenue Pools, Technological Innovations at the Core of Key Manufacturers: Fact.MR
Continental Named One of America’s Best Large Employers by Forbes Magazine
Continental’s inclusion on the list places it in top five percent of employers in U.S. America’s Best Large Employers is a benchmark that ranks companies on employee experience, including career mobility and culture Company’s response to pandemic prioritizes employee health, work flexibility AUBURN HILLS, Mich., Feb. 9, 2021 – Technology company Continental has been named… Continue reading Continental Named One of America’s Best Large Employers by Forbes Magazine
Chinese AI chip designer Horizon Robotics raises $350m in Series C3 round
Horizon Robotics, a Beijing-headquartered AI chip designer, has gathered an aggregate of $350 million in its Series C3 round of financing, the investee announced on Tuesday. The Series C3 tranche brings the total corpus raised by Horizon in its Series C round to $900 million, nearly $200 higher than its initial target proposed in December… Continue reading Chinese AI chip designer Horizon Robotics raises $350m in Series C3 round