Uber

  • Uber's efforts to revolutionize the freight hauling sector with the introduction of self-driving trucks has been met with a wave of skepticism by a number of leading analysts and industry executives. Analysts and industry executives with the trucking sector have questioned what exactly the ride-hailing service can bring to its sprawling $700 billion industry.

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    Uber are to resume testing their self-driving cars in Arizona after seeking permission from authorities to restart the program.

  • Canada's government has taken aim at the tax advantages enjoyed by ride-sharing platforms over traditional taxis in its latest national budget which was unveiled by Prime Minister Justin Trudeau. Trudeau's liberal government indicated in its budget statement that it plans to amend Canada's Excise Tax Act to redefine ride-sharing firms as taxi companies. This redefinition would force them to collect the goods and services tax (GST) on every ride provided, just as taxi operators are required to do.

  • Denmark's Prime Minister has claimed that the Scandinavian country is not properly equipped to adapt to the technologically driven changes of the labor market, following US ride-sharing firm Uber's decision to leave the country due to what it deemed to be unfair regulatory policies introduced by the government.

  • Dubai's Roads and Transport Authority (RTA) has had discussions with Uber regarding boosting cooperation and the initial results of a study for offering new budget mobility products in support of Dubai Vision 2021 with a view to meeting the needs of customers seeking affordable mobility solutions.

  • Uber has unveiled at the second annual Uber Elevate Summit in Los Angeles, a new prototype vehicle showing off its vision of the future of transportation; a "flying taxi" that aims to alleviate urban congestion. eVTOL, Uber's electric vertical take-off and landing vehicle concept is a cross between a helicopter and a drone.

  • According to some experts who gathered earlier this week in Texas for the South by Southwest Festival, flying taxis may indeed become a reality soon and they are expected to be available by 2025.

  • It has emerged that the most likely frontrunner in the candidacy for the role of CEO at the world's largest ride-hailing service Uber, is former General Electric CEO, Jeff Immelt. Reports from several US media agencies continue to speculate that Immelt is the man that will be tasked with the responsibility of steering Uber out of choppy waters following the high-profile and controversial decision by Travis Kalanick to step aside as CEO in June.

  • A leading German car manufacturer has publicly announced that it has reached an agreement with global ride-hailing company Uber Technologies Inc. to supply the US firm with self-driving vehicles. The collaboration between Daimler and Uber is a statement of intent as they both attempt to establish themselves as leading players in burgeoning industry of autonomous driving, which has been identified as the future of the auto sector.

  • Google's self-driving firm Waymo has announced that it is expanding its operations by adding 62,000 Fiat Chrysler minivans to its autonomous fleet in a collaboration agreement jointly announced by the two companies.

  • Car manufacturing giants Hyundai and Volkswagen have announced that they’ve signed a partnership agreement with US autonomous vehicle technology firm Aurora Innovation, which is spearheaded by a number of former executives from Google, Tesla and Uber.

  • India's government is currently examining ways in which it can reduce the growing problem of urban congestion in major cities across the country. The government has formed a federal think-tank, which is chaired by the Indian Prime Minister Narendra Modi. Prime Minsiter Modi has previously called for reduced car ownership and believes the use of private vehicles as shared taxis could be the ideal solution to India's traffic woes.

  • US ridesharing giant Lyft announced it was acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation. Terms of the deal were not announced for Motivate, which operates bike programs in New York, Boston, San Francisco, Washington and elsewhere.

  • Uber has announced its initial public offering (IPO) to be released on Thursday and will make its market debut in May.

  • One of the world's most iconic cities has voted overwhelmingly to reduce the number of licenses issued for ride-hailing firms such as Uber and Lyft.

  • US ride-hailing company Uber announced the launch of electric bikes in Paris in early 2019. The rugged red bikes from Jump, have three speeds and can travel at speeds of up to 25 km/h. The self-service bikes will be available for free floating via Uber app, said a spokeswoman. A U-shaped padlock will secure them to street furniture.

  • Smartphone-summoned ride service Lyft announced it is raising $600 million in a funding round that values the Uber competitor at $15.1 billion. The financing round is being led by Fidelity Management & Research Company, and has been joined by Senator Investment Group.

  • Uber made a move into electric scooters, as the ride-service giant agreed to a strategic partnership with Lime, one of the major players in the fast-growing segment.

  • Ride-hailing firm Grab insisted its takeover of Uber's businesses in Southeast Asia has not substantially eroded competition in Singapore after a threat from the city-state's anti-monopoly watchdog to reverse the deal.

  • US-based ride-hailing service Uber Technologies has announced that its expecting to be in a position to be able to deploy its 'flying' taxis by 2020. The company which has had endured a number of setbacks in recent months - also revealed the two cities in which the 'flying taxis' will first be deployed in.