Business, Technology, Autonomous

Lyft Teams With Mobileye in Series of Autonomous Deals

Lyft announced three new partnerships with autonomous driving technology vendors, including Intel spinoff Mobileye, as it plays catch-up in offering driverless rides on its platform.

Natalie Lung | Bloomberg News
November 6, 2024
Business, Technology

Uber Proposes 6% Pay Cut for NYC Drivers

The company wants the city’s Taxi and Limousine Commission, which sets minimum driver pay, to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360.

Natalie Lung | Bloomberg News
November 4, 2024
Business, Technology, Logistics

Uber Shares Slump on Muted Bookings in US Rides Business

Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. 

Natalie Lung | Bloomberg News
October 31, 2024
Business, Technology, Autonomous

Uber to Launch Driverless Rides With Waymo in Austin, Atlanta

Uber Technologies will be the sole supplier of driverless rides on Alphabet’s Waymo cars in Austin and Atlanta, a boost to the rideshare app’s ambitions in the autonomous vehicle arena.

Natalie Lung | Bloomberg News
September 13, 2024
Business, Technology, Autonomous

Uber Invests in Self-Driving Software Firm Wayve

Uber Technologies is making a strategic investment in U.K.-based autonomous driving software provider Wayve Technologies.

Natalie Lung | Bloomberg News
August 29, 2024
Business, Technology, Logistics, Autonomous

Uber Beats Expectations as Rideshare Demand Remains Strong

Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.

Natalie Lung | Bloomberg News
August 6, 2024
Government, Business, Technology

EV Taxi Startup Revel to Lay Off Drivers for Gig Model

Revel Transit, the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber and Lyft.

Natalie Lung | Bloomberg News
June 6, 2024
Business, Technology, Logistics

Uber to Launch Shuttle Buses at Airports, Concert Venues

Uber Technologies is launching shuttle bus services to and from airports, concert venues and sports stadiums, bringing a lower-cost service already available overseas to the U.S.

Natalie Lung | Bloomberg News
May 15, 2024
Business, Technology, Fuel

Uber Partners With Revel to Expand Charging Network

Uber struck a partnership with EV ride-hailing startup Revel Transit to make charging stations in New York more accessible as it inches toward making all trips zero-emission by 2030.

Natalie Lung | Bloomberg News
March 6, 2024
Business, Technology, Logistics, Autonomous

Uber Delivers Mixed Report as Profit Grows, Revenue Slows

Uber Technologies gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.

Natalie Lung | Bloomberg News
November 7, 2023