Uber lost at least $1.2 billion in first half of 2016, report saysThu, 25, Aug 2016
Uber's losses in the first half of 2016 totaled at least $1.27 billion, people familiar with the matter told Bloomberg. The ride-hailing giant is not a public company, but its finance chief briefs investors on a conference call every three months.
First driverless taxi hits the streets of SingaporeThu, 25, Aug 2016
The first driverless taxi began work today in a limited public trial on the streets of Singapore. Developer nuTonomy invited a select group of people to download their app and ride for free in its "robo-taxi" in a western Singapore hi-tech business district.
Daimler adopts Silicon Valley tactics to counter new rivalsWed, 24, Aug 2016
Daimler is embracing Silicon Valley management techniques in a drive to speed up decision making, empower staff and fend off new rivals such as electric-vehicle maker Tesla Motors.
Uber's point man on automated driving came from FordMon, 22, Aug 2016
If Sherif Marakby is successful managing the transformation of a fleet of 100 Volvo XC90s into self-driving vehicles, it could put Uber in the lead in the race to commercialize autonomous driving.
Uber's hard lesson: China is differentMon, 22, Aug 2016
Uber's problematic business model has forced it out of China, not its 9.6 billion yuan ($1.5 billion) cash burn.
Uber, Volvo partner to put self-driving SUVs on U.S. roads by year-endThu, 18, Aug 2016
Uber and Volvo today said they have formed a $300 million partnership that could put a fleet of self-driving XC90 plug-in hybrid SUVs on the road in Pittsburgh in a matter of weeks. The first of 100 XC90s have already been delivered to Uber and could be deployed in the ride-hailing service's fleet this fall, if there are no engineering glitches.
Diesel decline not a problem for BorgWarnerMon, 15, Aug 2016
BorgWarner sees its markets slow a bit -- but they're still growing.
Lyft rebuffs GM overtures to acquire ride-hailing firm, report saysFri, 12, Aug 2016
General Motors has expressed an interest in acquiring Lyft, but the ride-hailing company has rebuffed the recent overtures and will raise more funds instead, technology website The Information reported on Friday, citing two people familiar with the situation.
Delphi gets in position for driverless carsMon, 15, Aug 2016
Delphi Automobile's Aug. 1 announcement of plans to launch a ride-hailing service were an attention grabber.
Tesla opens flagship store in San Francisco's 'Auto Row' ahead of Model 3Wed, 10, Aug 2016
Tesla marked the opening of its largest North American sales, service and delivery center in San Francisco, a key market from which the EV maker will introduce its Model 3 sedan late next year.
GM's Lyft alliance faces rockier road after Uber-Didi deal in ChinaWed, 03, Aug 2016
GM and Lyft are going to have a lot harder time wringing benefits from their newly minted partnership now that their biggest ride-sharing rivals just formed an alliance of their own in the world's largest economy.
Why GM is embracing car sharingWed, 03, Aug 2016
Even as it sells millions of new vehicles a year, GM also likes the idea of consumers sharing them. “The whole idea of owning a car, parking it for $1,000 a month and letting it sit there 90 percent of the time is just ludicrous,” said Julia Steyn, GM’s vice president of urban mobility programs.