Uber reported second quarter gross bookings of $21.9 billion, more than double the same period in 2020. Even so, the company posted an adjusted earnings loss of $509 million and a cash burn of $1.28 billion. The company’s CFO said bookings should rise, but losses likely will continue for another quarter. Loading Something is loading.… Continue reading Uber is still losing a lot of money
Tag: Mobility
@Hyundai: Kia Canada Announces Highest July Sales in Company History
Brand delivers sixth consecutive monthly sales record Best-ever July Certified Pre-Owned sales Niro EV sales are on the rise TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Kia Canada today announces record July sales of 8,305 units, marking 6 consecutive months of record-breaking year over year sales for the brand. Strong sales were led by Forte… Continue reading @Hyundai: Kia Canada Announces Highest July Sales in Company History
Uber shares fall despite revenue beat as its core operations continue to lose money
The company reaffirmed Q4 adjusted profit target, swung to positive net income thanks to investments Alex Wilhelm Kirsten Korosec 8 hours Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to… Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money
Uber: Uber Announces Results for Second Quarter 2021
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2021. Financial Highlights for Second Quarter 2021 Gross Bookings grew 114% year-over-year (“YoY”) to $21.9 billion, or 104% on a constant currency basis, with Mobility Gross Bookings of $8.6 billion (+184% YoY) and Delivery Gross Bookings of $12.9… Continue reading Uber: Uber Announces Results for Second Quarter 2021
Former sweetgreen VP Beranek to head Hagerty’s digital products strategy
New Delhi: Hagerty announced the addition of a new executive to its growing digital leadership team, with Dan Beranek being named Senior Vice President of Product Management. Beranek’s hiring is one of several recent strategic appointments as the company continues its growth as a leading automotive lifestyle brand. Beranek will be responsible for leading the… Continue reading Former sweetgreen VP Beranek to head Hagerty’s digital products strategy
Otonomo to Present at J.P. Morgan Virtual 2021 Auto Conference
HERZLIYA, ISRAEL, Aug. 04, 2021 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Otonomo), an innovative platform and marketplace for vehicle data at the center of the tech revolution in the automotive and mobility space, today announced that Ben Volkow, Chief Executive Officer and Bonnie Moav, Chief Financial Officer, will present at the J.P. Morgan Virtual 2021… Continue reading Otonomo to Present at J.P. Morgan Virtual 2021 Auto Conference
General Motors Invests $71 Million in New Design Center in California
General Motors plans to significantly expand its Southern California advanced technology operations with a new campus in Pasadena. The Detroit automaker will invest $71 million in its new Advanced Design Center, which is scheduled to open in the second half of next year to supplant GM’s current North Hollywood Design Center. The company said the… Continue reading General Motors Invests $71 Million in New Design Center in California
Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
The Fisker Ocean will make its global debut at the upcoming 2021 Los Angeles Auto Show, with production starting on November 17, 2022. The Fisker Ocean features extensive use of recycled materials, including a fully vegan interior, and will come with an optional photovoltaic solar roof. The Fisker Ocean will sit on custom-developed Bridgestone Potenza… Continue reading Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
BorgWarner Furthers Growth in China with Two Dual Inverter Projects
AUBURN HILLS, Mich., Aug. 4, 2021 /PRNewswire/ — BorgWarner is making significant traction in the China mobility market, most recently with contracts to supply dual inverters for two premier Chinese OEMs. The dual inverters will be featured on both hybrid electric vehicles (HEV) and plug-in hybrid electric vehicle (PHEV) versions of the GWM LEMON platform, and… Continue reading BorgWarner Furthers Growth in China with Two Dual Inverter Projects
July vehicle registrations, revenue in Kolkata top last year’s on public travel fears
A senior officer of the transport department, too, said the increase in registrations was, on the face of it, surprising. “Last year, when sales started picking momentum, we thought it was pent-up demand pushing up sales. But this year, we cannot say that. We did not have a total lockdown and the restriction on movement… Continue reading July vehicle registrations, revenue in Kolkata top last year’s on public travel fears