Cars

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Uber CEO Expects Flying Cars Within a Decade

Uber CEO Expects Flying Cars Within a Decade

Stefan Nicola and Oliver Sachgau, Bloomberg

Uber would like to repeats its ridesharing success in the skies by owning distribution of flying car rides, whenever the technology actually emerges. Will Uber really be around in a decade, though?

4 weeks ago

San Francisco Files Lawsuit Against Ridesharing Firm Turo Over Its Airport Operation

San Francisco Files Lawsuit Against Ridesharing Firm Turo Over Its Airport Operation

Olivia Zaleski, Bloomberg

How will the courts define Turo — as a rental car company or a marketplace? We've heard this song before and the refrain has been mixed.

4 weeks ago

Uber CEO: We Will Be Profitable Within Three Years

Uber CEO: We Will Be Profitable Within Three Years

Adam Satariano, Bloomberg

Before Uber shifts all its attention to flying and driverless cars, we'd like to see the company make real strides in addressing serious longstanding issues such as sexual harassment and passenger safety.

4 weeks ago

Uber’s Rivals Think Now Is the Time to Ramp up European Expansion

Uber’s Rivals Think Now Is the Time to Ramp up European Expansion

Giles Turner, Bloomberg

Given Uber's ability to keep shooting itself in the foot, it's amazing that no serious competition has emerged in places like London and Paris. However, this could all be about to change.

1 month ago

Self-Driving Cars Are Set for Mainstream Use in 2018

Self-Driving Cars Are Set for Mainstream Use in 2018

Keith Naughton and Gabrielle Coppola, Bloomberg

Self-driving cars will likely roll into action this year, albeit at slow speeds with a confusing learning curve for passengers.

2 months ago

Uber Co-Founder Kalanick to Cash Out $1.4 Billion of His Stake

Uber Co-Founder Kalanick to Cash Out $1.4 Billion of His Stake

Eric Newcomer, Bloomberg

After an ugly series of negotiations with investors, Uber's Kalanick is looking to cash out about one-third of his stake in the company.

2 months ago

Uber-SoftBank Deal Means Valuation Plummets to $48 Billion

Uber-SoftBank Deal Means Valuation Plummets to $48 Billion

Eric Newcomer and Alistair Barr, Bloomberg

The deal with SoftBank brings Uber's valuation down to earth although it could soar again pending a 2019 IPO. Meanwhile, the deal enables Uber CEO Dara Khosrowshahi to consolidate board control and it blocks the return of former boss Travis Kalanick.

2 months ago

The Inside Story of an Online Travel Reunion at the New Uber

The Inside Story of an Online Travel Reunion at the New Uber

Dennis Schaal, Skift

There were a ton of people who wanted the COO position at Uber, and it went to Expedia alum and former Orbtiz Worldwide CEO Barney Harford. The pressure will be on both Khosrowshahi and Harford to turn around the ridesharing company. As if there weren't abundant pressure already.

2 months ago

Former Orbitz CEO Barney Harford Is Uber’s New Chief Operating Officer

Former Orbitz CEO Barney Harford Is Uber’s New Chief Operating Officer

Eric Newcomer, Bloomberg

Uber boss Dara Khosrowshahi first met Barney Harford when they both worked at Expedia in 2001. A decade later, Harford sold Orbitz to Expedia. But can the two men in 2018 successfully shake off Uber's all-too-often exploitative disregard for workers and the law? And can they make Uber profitable?

2 months ago

Uber Suffers a Blow as EU Court Decides It Is Actually a Transport Company

Uber Suffers a Blow as EU Court Decides It Is Actually a Transport Company

Stephanie Bodoni and Adam Satariano, Bloomberg

The millions of people who use Uber every day to get from one place to another will not be shocked to discover that the company is in the transport business. Now that a European court agrees, Uber must make the necessary adjustments.

2 months ago

Chinese Electric Car Maker NIO Gives Tesla Stiff Competition

Chinese Electric Car Maker NIO Gives Tesla Stiff Competition

Bloomberg

How will electric cars with batteries that can be swapped out in three minutes impact vacationers on road trips, as well as the taxi, ridesharing, rail, and airline sectors? Perhaps the more pertinent question for now is whether NIO and others will out-innovate Tesla in the electric car arena.

2 months ago

Tesla Tells Taxis and Ridesharing Companies They Can’t Use Its Superchargers

Tesla Tells Taxis and Ridesharing Companies They Can’t Use Its Superchargers

Brian Eckhouse and Dana Hull, Bloomberg

Tesla has a limited supply of its Superchargers, and this isn't going to have a wide impact for now among commercial operators such as Uber and Lyft, or the taxi industry. Tesla, though, is expanding its reach: It will soon have three Supercharging stations in Manhattan, for example.

2 months ago