Tag: Mobility

Uber surges 43% after its CEO says it has enough cash to get through the coronavirus pandemic (UBER)

AP Photo/Mark Lennihan Uber skyrocketed as much as 43% Thursday after CEO Dara Khosrowshahi said on a call with investors that the company is in a solid position to weather the coronavirus crisis.  Uber’s balance sheet is “incredibly strong,” he said, adding that at the end of February, Uber had $10 billion in unrestricted cash.… Continue reading Uber surges 43% after its CEO says it has enough cash to get through the coronavirus pandemic (UBER)

Didi to publish safe ride standards

Ride-hailing platform Didi Chuxing said on Monday it has worked with a state-backed industry group to create China’s first nationwide guidelines for ride-hailing platforms dealing to prevent transmission of Covid-19 during rides. The guidelines are closely based on measures Didi has already adopted, promoting a Didi model for safe ride-hailing that includes AI-based mask checks… Continue reading Didi to publish safe ride standards

@Mahindra: Tech Mahindra Recognized as a Leader in Engineering Research and Development Services in Zinnov Zones 2019

Positioned as a Leader in services like Design & Simulation, User experience, Platform and Quality Assurance engineering Categories New Delhi–March 19th, 2020: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, announced todaythat it has been recognized as a leader in the Zinnov Zones 2019 Engineering R&D (ER&D)… Continue reading @Mahindra: Tech Mahindra Recognized as a Leader in Engineering Research and Development Services in Zinnov Zones 2019

@VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness

Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating… Continue reading @VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness

TomTom Chief Executive Officer purchases shares

Amsterdam, the Netherlands, 19 March 2020 – TomTom (TOM2) announced that Harold Goddijn, co-founder and TomTom’s CEO, and Corinne Vigreux, co-founder and Chief Marketing Officer, have purchased TomTom shares, respectively 155,000 and 100,000, as a result of exercising their 2013 stock option plans.    -ENDS- About TomTom: TomTom is the leading independent location technology specialist,… Continue reading TomTom Chief Executive Officer purchases shares

Japan car lobby chief says coronavirus having big impact on sales

TOKYO (Reuters) — A coronavirus pandemic is having a big impact on the automotive manufacturing industry, the head of a Japanese lobby group said on Thursday, adding that its members will need to keep adjusting production, amid a projected slump in demand. “The truth is, it was shocking just how much the world could change… Continue reading Japan car lobby chief says coronavirus having big impact on sales

Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looks at delivering meds

Uber — the on-demand transportation and food delivery behemoth — has been hit hard by the novel coronavirus pandemic. CEO Dara Khosrowshahi said today in a call with investors that ride volume has gone down by as much as 60%-70% in recent days in the hardest-hit cities like Seattle, and that’s before you consider the pauses… Continue reading Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looks at delivering meds

Announcing Waymo’s Open Dataset Virtual Challenges

Last August, we invited the research community to join us in accelerating self-driving technology with the release of one of the largest multi-sensor self-driving datasets available today. Even as COVID-19 continues to develop, we are committed to fostering an environment of innovation and learning – one that can continue to grow and thrive in our… Continue reading Announcing Waymo’s Open Dataset Virtual Challenges

Uber says a coronavirus worst-case scenario could cost it $7 billion and rides could slump as much as 80% (UBER)

Uber has seen its rides business shrink up to 80% as the spreading coronavirus forces people to stay home.  The company is modeling up to an $7 billion hit in its worst-case scenario model, it said Thursday.  Executives said on a conference call that Uber Eats could help ease some of the pain as people… Continue reading Uber says a coronavirus worst-case scenario could cost it $7 billion and rides could slump as much as 80% (UBER)