Electric-scooter sharing startups are racing to become as dominant as Uber or Lyft in this wacky and well-funded transportation business that’s revolutionizing transit in America. At the same time, Uber is learning that it may need to end up dominating scooter-sharing, before companies like Bird, Lyft, and Ofo cannibalize its core car-hailing business. On Thursday,… Continue reading Uber just hinted it could be in serious trouble if it doesn’t conquer the market for electric bikes and scooters
Tag: Mobility
‘Dunno where this bs came from’: Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits (TSLA)
Tesla, CEO Elon Musk took to Twitter on Thursday night to dispute rumors that Model 3 cancellations are outpacing orders. The move came after Needham & Co., a New York-based investment bank, downgraded Tesla shares from hold to sell. Needham’s report, which included several reasons for taking a bearish position on Tesla, specifically cited, “slower… Continue reading ‘Dunno where this bs came from’: Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits (TSLA)
Waymo’s autonomous vehicles are driving 25,000 miles every day
Waymo, the former Google self-driving project that spun out to become a business under Alphabet, has driven 8 million miles on public roads using its autonomous vehicles. Waymo CEO John Krafcik shared the company’s milestone Friday while on stage with Nevada Gov. Brian Sandoval at the National Governors Association conference in Santa Fe, New Mexico. The figure… Continue reading Waymo’s autonomous vehicles are driving 25,000 miles every day
SoftBank-backed Mapbox targets ride-hailing, self-driving cars
July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars
Uber’s CEO Faces an Impossible Decision
Of all the management mistakes that led to Uber’s culture and business crisis, Travis Kalanick’s biggest mistake was that he kept a tight inner circle of executives, for whom bad behavior appeared to have no consequences. The most egregious example of this anything-goes leadership culture was in 2014, when Emil Michael, then Uber’s senior vice… Continue reading Uber’s CEO Faces an Impossible Decision
2018 HALF YEAR RESULTS
Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5… Continue reading 2018 HALF YEAR RESULTS
Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber
Embark co-founders Alex Rodrigues, left, and Brandon Moak with their fleet of autonomous semi-trucks at the startup’s operations center in Ontario, California. Embark Trucks What makes a couple of brash 22-year-old entrepreneurs think they can take on Waymo, the clear leader in self-driving vehicle technology, when it comes to putting autonomous trucks on the road? … Continue reading Robot Truck Upstart Embark Hauls In $30 Million To Take On Waymo And Uber
Euro startup FlixBus expands its $10 bus service in California
FlixBus, the low-cost bus service out of Europe, is doubling down on its U.S. launch. The parent company, FlixMobility, started cheap bus routes between Los Angeles, Las Vegas, Phoenix and Tucson just two months ago. Now it’s adding another 16 connections throughout central and northern California. as well as Nevada and Arizona. The new connections,… Continue reading Euro startup FlixBus expands its $10 bus service in California
Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO
Voyage, the autonomous driving startup that currently operates self-driving cars in retirement communities, has brought on its first CTO, Drew Gray. Gray most recently worked at Uber as its director of engineering, leading the deep learning and perception team in San Francisco, according to his LinkedIn. This comes shortly after the company poached Uber’s head… Continue reading Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO
DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber
Another top Uber executive has departed the ride-hailing company, this time for Tony Xu’s San Francisco food delivery startup DoorDash. DoorDash announced on Thursday that it has hired Prabir Adarkar as its first chief financial officer, a sign that the “unicorn” startup, valued at more than $1.4 billion and backed by SoftBank and Sequoia Capital,… Continue reading DoorDash Names Prabir Adarkar as CFO; Led Global Finance at Uber