Cars

Uber Tests Express Pool Service to Compete With Public Transportation

Uber Tests Express Pool Service to Compete With Public Transportation

Tom Krisher, Associated Press

Uber has been working on ways to bridge the gaps in public transportation for years. Express Pool, which asks travelers to walk to Uber vehicles instead of getting picked up where they are, is the company's most visible attempt yet to crack the huge market of commuters in the U.S.

22 hours ago

Uber’s Asia Expansion Strategy May Lead to Conflict With New Investor SoftBank

Uber’s Asia Expansion Strategy May Lead to Conflict With New Investor SoftBank

Yuji Nakamura, Bloomberg

Despite the advice of new investor SoftBank, Uber's CEO seems intent on taking a shot a new markets, such as Japan. The odds may be stacked against Uber in such locales, but the ridesharing company is exploring partnerships as entry points.

2 days ago

Waymo Is the First Company With Approval for Driverless Ride-Hailing Service in U.S.

Waymo Is the First Company With Approval for Driverless Ride-Hailing Service in U.S.

Alistair Barr, Bloomberg

On one hand this is a step towards a fascinating future. On the other its a reminder that some states protect massive transportation corporations from liability when something goes wrong.

5 days ago

Avis Budget Faces Proxy Fight Over Lack of Innovation

Avis Budget Faces Proxy Fight Over Lack of Innovation

David Welch, Bloomberg

Sometimes it takes newcomers with fresh ideas to steer a company in the right direction. Avis has made some progress but it looks like its board is in dire need of new faces to prevent its company from becoming obsolete.

6 days ago

Uber Adds Safety Measures to Appease London’s Regulator

Uber Adds Safety Measures to Appease London’s Regulator

Giles Turner, Bloomberg

London's transport authority is right to put the unicorn in its place, stressing Uber's obligation to maintain public safety and support its own drivers.

6 days ago

Uber’s Business Grew Last Year Despite a $4.5 Billion Loss

Uber’s Business Grew Last Year Despite a $4.5 Billion Loss

Eric Newcomer, Bloomberg

At some point, Uber is going to have to stop burning through billions of dollars to grow its business each quarter. The latest financials released to investors show the company is nowhere close to stemming its losses.

1 week ago

Uber Settles Waymo Driverless Car Lawsuit for $245 Million

Uber Settles Waymo Driverless Car Lawsuit for $245 Million

Joel Rosenblatt, Bloomberg

Uber likely averted an even bigger toll on the company with this settlement. CEO Dara Khosrowshahi had to untangle this mess, and he will probably be embroiled in undoing other Uber past transgressions over the next couple of years.

2 weeks ago

Lyft Hires New Chief Operating Officer From Tesla

Lyft Hires New Chief Operating Officer From Tesla

Eric Newcomer, Bloomberg

Lyft is looking to formally launch in Canada this year, so having an experienced chief operating officer on hand is vital. It doesn't hurt that McNeill comes from Tesla, which has pioneered various automated driving technologies.

2 weeks ago

Waymo Lawsuit Against Uber Enters Spotlight as Trial Begins

Waymo Lawsuit Against Uber Enters Spotlight as Trial Begins

Michael Liedtke, Associated Press

Waymo has provided evidence that allegedly shows that one of its employees stole trade secrets and brought them along with him to Uber. The trial could represent another black mark on Uber's reputation.

2 weeks ago

Uber Plans Expansion in Japan Despite Withdrawal Talk

Uber Plans Expansion in Japan Despite Withdrawal Talk

Giles Turner and Yoolim Lee, Bloomberg

Uber's expansion into Japan might irritate SoftBank, but Uber needs to start making real money. That $1.5 billion loss in the third quarter of 2017 was a big one.

3 weeks ago

Interview: Silvercar CEO on Evolving With Shifts in Customer Behavior

Interview: Silvercar CEO on Evolving With Shifts in Customer Behavior

Andrew Sheivachman, Skift

Silvercar remains an interesting outlier in the car rental space. As part of Audi, it will be interesting to see how it grows its operation in the U.S. as self-driving vehicles hit the mainstream.

3 weeks ago

India’s Ridesharing Leader Ola Begins Push Into Australia

India’s Ridesharing Leader Ola Begins Push Into Australia

Saritha Rai, Bloomberg

Ola will compete with Uber for the Australian ridesharing market, although the two may one day consolidate operations to better compete against Grab since Softbank backs both players.

3 weeks ago