General Motors Co. defied a softening auto market with a surprise prediction that profit will remain steady this year and grow in 2019 thanks to a wave of new trucks and SUVs. Earnings this year will be consistent with the record result the company pre-reported on Tuesday. While GM is going to grapple with costs… Continue reading GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit
Tag: Mobility
GM posts strong 2017 despite losses
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses
Ride-hailing app Grab to launch autonomous taxis before 2022
Ride-hailing app Grab to launch autonomous taxis before 2022 Subscribe to Premium now What do you get in your Premium Subscription package? Lex Column – The FT’s daily guide to the corporate and financial stories that matter. Since the 1930’s Lex has been providing concise, readable and timely commentary on companies, markets and the theory… Continue reading Ride-hailing app Grab to launch autonomous taxis before 2022
Embark’s self-driving semi completes trip from California to Florida
Embark Last year, autonomous trucking company Embark announced that it would begin using its Level 2 autonomous semis to deliver refrigerators from Texas to California. Now, TechCrunch reports, the company has taken it a step further as one of its trucks has now completed a 2,400 mile trip from Los Angeles to Jacksonville, Florida. The… Continue reading Embark’s self-driving semi completes trip from California to Florida
Fixing, Maintaining, and Modernizing our Transportation Infrastructure
Fixing, Maintaining, and Modernizing our Transportation Infrastructure By Danielle Burr, Head of Federal Affairs Alongside government officials, citizens, and the rest of the business community, we understand how important the role of government policy and funding is to the maintenance and modernization of America’s transportation infrastructure. These are the principles that inform our thinking and… Continue reading Fixing, Maintaining, and Modernizing our Transportation Infrastructure
Dara Khosrowshahi on the Power of Shared Mobility
Dara Khosrowshahi on the Power of Shared Mobility Uber’s CEO says moving past private car ownership will benefit the economy and the environment ‘The goal of reducing private car ownership is one we share with cities across the globe,’ says Uber CEO Dara Khosrowshahi. PHOTO: STIAN RASMUSSEN By Dara Khosrowshahi, Chief Executive Officer For the first… Continue reading Dara Khosrowshahi on the Power of Shared Mobility
Uber Partners with the Global Public Transport Association
Uber Partners with the Global Public Transport Association By Andrew Salzberg, Head of Transportation Policy & Research and Marius Macku, Senior Associate, Public Policy & Government Relations, EU Over the past seven years, we’ve learned a lot about how our users get around in over 600 cities across the globe. But we also know we… Continue reading Uber Partners with the Global Public Transport Association
Getting behind the MaaS Movement
Getting behind the MaaS Movement By Marius Macku, Senior Associate, Public Policy & Government Relations, EU Getting around town should be seamless. It’s one of the reasons why Uber was founded in the first place, so that you could push a button and get a ride from A to B. Over time we realised that this… Continue reading Getting behind the MaaS Movement
Uber Supports Moving FIRST Act
Uber Supports Moving FIRST Act By Andrew Salzberg, Head of Transportation Policy & Research Since our founding, Uber has been driven by the principle that everyone should be afforded safe, reliable transportation options at the push of a button. Fast forward seven years and billions of rides later, we now find ourselves serving communities across the… Continue reading Uber Supports Moving FIRST Act
Earnings Safeguards for Rideshare Drivers
Earnings Safeguards for Rideshare Drivers by Curtis Scott, Head of Insurance Demand for independent work is on the rise. According to the McKinsey Global Institute, roughly one in six people would prefer independent flexible work over a traditional nine-to-five job. Moreover, with around 15 million people in the US experiencing unemployment or underemployment, on-demand work… Continue reading Earnings Safeguards for Rideshare Drivers