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Uber Not Likely to Be Profitable for a “Few Years”

Uber Not Likely to Be Profitable for a “Few Years”

Uber investors hoping to strike gold with the company’s profits in the future are going to be disappointed, according to one senior executive at the company. Profitability for the ride-hailing giant is “a few years away,” said Uber’s chief technology officer...
Apple Saves Drive.ai Days Before it Would Shut Down

Apple Saves Drive.ai Days Before it Would Shut Down

The once-promising autonomous vehicle start-up Drive.ai has found itself a white knight, just days before it was set to shut down, and it signals that tech giant Apple remains serious about entering the self-driving car market. It had been rumored for weeks that Apple...
Uber, Lyft Drivers Have Poor Recall Repair Record

Uber, Lyft Drivers Have Poor Recall Repair Record

Less than a week ago, the world discovered that Uber, Lyft and other ride-hailing service vehicles are the dirtiest ways to get someone to drive you somewhere. Now it may also be that they are the least safe, according to a new study. Consumer Reports claims that one...
Uber Stock Keeps Falling After Stumbling Out of Gate

Uber Stock Keeps Falling After Stumbling Out of Gate

Ride-hailing leader Uber saw its shares, which hit the market last week, continue to fall today into the $37 range after stumbling out of the gate. Uber priced its initial public offering at the bottom end of the range at $45 per share after watching rival Lyft’s...
Product Launches Hammer FCA’s Q1 Earnings

Product Launches Hammer FCA’s Q1 Earnings

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
Drivers Warming to Arrival of Autonomous Vehicles

Drivers Warming to Arrival of Autonomous Vehicles

Automakers are investing billions of dollars into the research and development of autonomous vehicles with some already offering limited amounts of self-driving capability. However, is this what automobile owners really want? There is new evidence they’re quickly...