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Archive for the ‘Uber’ Category

GM Asks Feds to OK 2019 Launch of Driverless Robo-Cabs

Automaker aims to put as many as 2,500 on the road annually during test program.

by on Jan.12, 2018

GM will use an updated version of this Chevrolet Bolt EV - sans steering wheel and pedals - for the robo-cab test program.

General Motors wants permission from federal regulators to begin testing driverless robo-cabs on public roads, starting in 2019, a move that could position the Detroit automaker as one of the leaders in the development of autonomous vehicle technology.

Company officials said they would roll out as many as 25 vehicles annually under the pilot project, if given approval from the National Highway Traffic Safety Administration. GM ultimately hopes to provide the vehicles to ride-sharing services such as Lyft – in which it is a major investor – as well as its own service, Maven.

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Unlike the autonomous prototypes GM and many competitors are currently testing, the vehicles would be completely driverless and not even be equipped with pedals or a steering wheel. That is something the automaker’s President Dan Ammann called “a major milestone, adding that, “this technology will have a huge impact on the world.”

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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.

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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 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.

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“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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