Google has added Lyft to the ride-sharing and cab services it lists in Maps, allowing iOS and Android users to more easily find service and compare prices. In New York City, Maps is also including […]
Taiwan’s Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing. Indeed, the world’s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. So, with […]
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
When thinking about the future of transportation-as-a-service, it’s tempting to draw a straight line from UberX to Google self-driving cars. Indeed, Google is reportedly extending a program it began piloting to all San Francisco area […]
By Tristan Van Iersel. We already knew Uber’s intention to eventually replace its drivers, who take 80% of what riders pay, with fully autonomous cars. The interesting pieces are: Partner choice: The Swedish carmaker, and […]
Uber (Private:UBER) has reportedly generated losses of almost $1.3 billion in the first half of the year. The company has been valued at more than $60 billion, and even as high as $69 billion, according […]
The world’s first self-driving taxis are picking up passengers in Singapore. Select members of the public began hailing free rides Thursday through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. nuTonomy […]
Uber reportedly lost more than $750 million in the most recent quarter, including $100 million domestically after a first-quarter profit in the US. Driver subsidies accounted for most of Uber’s losses, according to the company, […]
Ride-hailing startup Lyft has approached several companies, including General Motors, Google, Apple, Amazon and Didi Chuxing, about buying it, sources say. The talks with General Motors got further than those with the other companies but […]
On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local […]
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