Posts Tagged ‘Uber news’

Uber Settles With Waymo for $245 Million

Company says it "regrets" the issue; promises to use only Uber technology.

by on Feb.09, 2018

Uber CEO Dara Khosrowshahi continues to rehabilitate the company's image.

Uber CEO Dara Khosrowshahi continues to knock down the roadblocks to the ride-sharing company’s progress as the company settled a long-running dispute with rival Waymo over trade secrets.

The company paid $245 million of its own stock to Waymo, the spinoff of Google’s autonomous vehicle business, and an agreement to not use any Waymo-based technology in its development of self-driving vehicles, according to a Reuters report.

The Last Word!

The settlement came as the two sides were about to begin a fifth day in court over the dispute, which has been costing Uber time and money as it looks to rehabilitate its reputation on multiple fronts. (more…)

Taking Uber to Work Cheaper than Driving Yourself

Study shows in some markets ride-sharing costs less for daily commute.

by on Feb.05, 2018

A new study suggests that it's cheaper to Uber to and from work than to drive your own car.

A new study suggests that in some major metropolitan area, among them Los Angeles, Chicago and Detroit, it’s cheaper to drive to work using Uber than it is to drive a personal automobile.

Aside from the cost of a trip on Uber or Uber Pool, which varies from region to region, insurance and parking are the key factors in driving up the cost of commuting driving 10.4 miles-one way to work, according to the study from NerdWallet.

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“NerdWallet examined data from a variety of sources to compare the cost of commuting each week via ridesharing service Uber vs. a personal vehicle in the 20 largest U.S. metropolitan areas by population, to see if owning a vehicle for work is cost-effective. (more…)

Uber Working to Fight Human Trafficking

Drivers being informed about how to spot victims and what to do to help.

by on Jan.29, 2018

Uber CEO Dara Khosrowshahi continues to rehabilitate the company's image.

Ride-hailing service Uber’s been in the headlines for the last 18 months for a variety reasons, none of them good. However, new CEO Dara Khosrowshahi is looking to change that, especially when it comes to the company’s drivers.

He’s made a massive effort to make the company’s 750,000 drivers in the U.S. feel more appreciated, including matching Lyft in allowing for tips and providing a hotline for drivers to call when they have questions.

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Now, the recently appointed CEO is giving them a new responsibility … an altruistic purpose. He’s working with them to make an impact on human trafficking. The company’s always encouraged drivers to play a role in the end of the scourge, but the new initiative is a formalized program. (more…)

Uber’s Competition Gets Tougher as New Investors Join Company

Kalanick selling shares for $1.4B to SoftBank.

by on Jan.08, 2018

Former Uber CEO Travis Kalanick is selling $1.4 billion in Uber stock to Japan's SoftBank.

Didi Chuxing Technology Co., China’s dominant ride-hailing company, which recently raised more than $4 billion in fresh capital, is increasing its presence in South America with the acquisition of Brazil’s top ride-sharing service, increasing the pressure on its principle rival, Uber, which continues to face legal challenges on all sides.

Meanwhile, reports indicated that Travis Kalanick, Uber’s founder and former CEO, is preparing to sell 29% of his stake as part of deal with Japan’s SoftBank. The deal could net Kalanick, who was forced to leave his post as CEO last year, an estimated $1.4 billion from the deal. Kalanick still owns 10% of Uber’s stock.

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Also selling Uber shares is Benchmark, a venture capital firm, which is reportedly moving 15% of its holdings worth about $900 million. Both Kalanick and Benchmark will retain seats on the Uber board, according to reports. (more…)

Uber Taking More Lumps Over Evasive Tactics

Company's problems expanding in Europe, Asia

by on Dec.27, 2017

Uber continues to face problems in London and now that's expanded to Vietnam.

Uber, even though it has promised to clean up its odious management culture, is still getting into trouble of trying to evade laws and regulations in various countries where it operates.

Taxi drivers in London, in one case that his gotten an enormous amount of attention, want to charge Uber’s top management in the United Kingdom with perjury after Transport for London accused ride-sharing company of lying to the High Court.

Legal News!

In a 21-page letter to Uber seen by The Sunday Times, TfL says it refused to renew the company’s operating license in September because Uber had given it “materially false and misleading” information many times. (more…)

Uber Loses Critical Court Case in Europe

Ruling puts Uber on par with taxis, subject same more restrictive rules.

by on Dec.22, 2017

Uber has been ruled a transportation company in the European Union, making it subject to tougher rules.

In a ruling with potential ramifications for the growing business of mobility services, the European Court of Justice, the top court in the European Union, has ruled that Uber is a transportation company.

Uber, the world’s best-known ride-hailing economy, with a valuation estimated $68 billion and operations in 600 cities worldwide, had argued it was a “digital platform” rather than a transportation services company just like any trucking or taxi company with deep roots in the industrial age.

European Union News!

The ruling basically confirms that Uber will continue to face regulation not only by local and national governments across Europe, but also by the EU itself. (more…)

Chinese Ride-Sharing Company Eyes Move into Mexico

If Didi goes to Mexico, it would mark second showdown with Uber.

by on Dec.08, 2017

Chinese ride-sharing giant Didi is contemplating a move into Mexico where it will compete with Uber.

A report out of China indicates Didi Chuxing, the largest ride-sharing company in China and perhaps the world, is preparing to expand internationally for the first time by setting up shop in Mexico.

Didi basically ran Uber out of the Chinese market where Uber sustained losses totaling roughly $2 billion. If Didi moves into Mexico it would set the stage for a huge clash where Uber has established a large presence with more than 7 million users spread across 45 cities.

Global Auto News!

Speculation about Didi’s plans, like Ford Motor Co.’s efforts to partner with Alibaba, underscore the growing influence the Chinese have on the global automotive industry. During the next decade ride-sharing companies are expected to become the major buyers of new vehicles around the world. (more…)

Uber Facing Criminal Probe Due to “Espionage”

Query is delaying ongoing lawsuit between Waymo and Uber.

by on Dec.01, 2017

Uber CEO Dara Khosrowshahi, who has faced one problem after another since his arrival at the company, is now dealing with a criminal investigation.

Federal prosecutors are apparently probing allegations that Uber engaged in “espionage” to uncover the trade secrets of rivals.

The investigation has prompted a federal judge to delay a trial in the mega lawsuit that Google and its self-driving-car unit have filed against Uber.

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Waymo has charged that Uber hired away a senior Google engineer to steal key secrets about its Lidar system. Waymo CEO John Krafcik has said the Lidar unit is a vital piece of the company’s self-driving car system.  (more…)

Uber Under Fire as It Belatedly Admits Hackers Stole Data

Ride-sharing service paid off hackers, waited a year to reveal theft affecting 57 million riders and drivers.

by on Nov.22, 2017

Uber CEO Dara Khosrowshahi has faced one problem after another since his arrival at the company.

Just when it looked like Uber had put the worst of a very bad year behind it, things have taken yet another turn for the worse, the ride-sharing giant acknowledging that hackers stole personal data from around 57 million user and driver accounts.

If that wasn’t bad enough, Uber officials went on to acknowledge they paid the data thieves $100,000, allegedly to destroy the information they had accessed, and then kept the news secret for a year. With memories of how consumer data firm Equifax kept its own breach quiet for months, Uber is coming under intense criticism, with regulators in the U.S. and Europe already threatening investigations.

Consumer News!

“You may be asking why we are just talking about this now, a year later. I had the same question,” wrote Uber CEO Dara Khosrowshahi in a blog. “None of this should have happened, and I will not make excuses for it,” added Khosrowshahi joined the embattled firm in August following the ouster of founder and former CEO Travis Kalanick who was embroiled in a variety of scandals.


Uber Buying Up to 24,000 Autonomous Volvo XC90s

Uber’s technology could allow fully driverless operation.

by on Nov.20, 2017

An autonomous Volvo XC90 used by Uber in San Francisco. The original test was cut short when Uber refused to get a state permit.

Uber will purchase as many as 24,000 XC90 sport-utility vehicles from Volvo as part of its push to become an autonomous and, eventually, a fully driverless ride-sharing service.

The Swedish automaker previously provided a small number of XC90 s for autonomous pilot programs Uber operated in several cities, including San Francisco and Phoenix. The non-exclusive and non-binding deal would take things a giant step forward and allow Uber to launch autonomous operations on a commercial level starting in 2019.

Tech News!

“This new agreement puts us on a path towards mass produced self-driving vehicles at scale,” said Jeff Miller, Uber’s head of auto alliances, adding that he was “thrilled” to expand the ride-sharing service’s alliance with Chinese-owned Volvo.


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