In a statement Uber Technologies Inc said, it is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora; the development underscores Uber Technologies Inc’s drive to accelerate its goal to achieve profitability. According to sources familiar with the matter at hand, the equity deal values ATG at $4 billion,…
In a proposed class action suit filed in Manhattan federal court, three customers have sued GrubHub, Postmates, DoorDash, and Uber Eats for allegedly exploiting their dominance in restaurant meal deliveries to impose fees that consumers ultimately bear through higher menu prices; this includes the current timeframe of the coronavirus pandemic when most U.S. cities are…
Anthony Levandowski, who has been closely associated with advancing self-driving car technology in the last decade, has agreed to plead guilty for taking sensitive documents from Google, his former employer, before he joined rival Uber Technologies Inc. As part of the plea deal with federal prosecutors, he will serve no more than 30 months in…
Anthony Levandowski, the former head of Uber Technologies Inc’s self-driving technology unit, has filed for bankruptcy protection following a court order confirming that he must pay $179 million to Google to end a lawsuit over his split from Alphabet Inc’s Waymo. In December, an arbitration panel had ruled that Levandowski, a former key engineer in…
Uber Technologies Inc will be closing its office in downtown Los Angeles in order to focus on its bigger locations. This office used to employ staff for customer support. The development will impact 80 jobs. Uber’s spokesman confirmed the closure in a statement. Customer support jobs will be shifted Uber’s office in Manila, reported the…
On Tuesday, Uber Technologies Inc and Hyundai Motor stated, they plan on a joint development of electric air taxis, as they push further to ease the menace of urban congestion. Hyundai is set to unveil its concept electric aircraft which it developed with Uber, at the Consumer Electronics Show (CES) in Las Vegas. The model…
In a significant development, Chicago’s city counsel has approved a proposal which will see an imposition of increased taxes on certain ride-hailing trips. The move is aimed at combating traffic congestion in the city. Incidentally, the city counsel and ride providers have accused each other of penalizing low-income passengers. As per Mayor Lori Lightfoot’s plan,…
MyCC has imposed a daily penalty of 15,000 ringgit starting from today for as long as Grab fails “to take remedial actions as directed by the commission in addressing the competition concerns”. On Thursday, Malaysia’s competition regulator proposed to levy a fine of $20.53 million (86 million ringgit) on ride-hailing firm Grab for violating the…
Backers include PayPal, Visa Inc, Uber Technologies Inc and Mastercard Inc. In a significant development, Facebook Inc’s cryptocurrency has received backing from more than a dozen companies including PayPal Holdings Inc, Visa Inc, Uber Technologies Inc and Mastercard Inc. According to a report from the Wall Street Journal, each company will invest nearly $10 million…
The move drips of abundant caution on Lyft’s part which is slated to deploy a new electric bike model soon. As per a statement from Lyft Inc, the firm is removing several thousand electric bikes from service in its bike-share program from Washington, New York, and San Francisco. The development comes in the wake of…
