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Posts Tagged ‘Uber news’

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.

News You Can Trust!

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.

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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.

(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.

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.

(more…)

Is Uber Finally on the Rebound?

Japan's SoftBank buying $1B in ride-sharing company stock.

by on Nov.13, 2017

Uber CEO Dara Khosrowshahi has faced one problem after another since his arrival at the company. This trend may finally be changing.

The last 18 months or so have been difficult for ride-sharing giant, Uber; however, it appears the tide is turning for the San Francisco-based firm.

The company announced that Japan’s SoftBank is partnering with Dragoneer Investment Group to buy $1 billion of Uber Technologies stock.

News Now!

“We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,” Uber said in a statement. “We believe this agreement is a strong vote of confidence in Uber’s long-term potential.”   (more…)

Blade Runner 2020? Uber Wants to Launch Flying Cars Over L.A.

Pilot for new service would debut by end of decade.

by on Nov.08, 2017

Uber wants to begin testing its flying cars for its Uber Elevate in Los Angeles in 2020.

When it comes to dealing with the city’s crowded streets, Los Angelenos have to hope that science fiction will soon become an everyday reality.

The recent release of the movie “Blade Runner 2049″ anticipates a day when the skies over L.A. are filled with flying cars. But if Uber has its way, that could happen a lot sooner. The nation’s ride-sharing giant wants to begin test flights of a prototype flying car in Los Angeles in 2020 and hopes to put it into commercial service by 2028.

News You Can Trust!

“Technology will allow L.A. residents to literally fly over the city’s historically bad traffic, giving them time back to use in far more productive ways,” Uber Chief Technology Officer Jeff Holden said during a tech conference in Lisbon today. “At scale, we expect UberAir will perform tens of thousands of flights each day across the city.” (more…)

Damage Control: Is it Too Late for Uber?

New CEO apologizes, but can he save business in London — and elsewhere?

by on Sep.25, 2017

Uber's new CEO Dara Khosrowshahi is already trying to find ways to raise morale and the moral compass of the company.

Uber’s new CEO Dara Khosrowshahi has been on the job less than six weeks and is already facing more crises than the average top executive faces in a career.

He faced his latest biggest hurdle — the revocation of Uber’s license to operate in London — by dealing with it head on: a full-page advertisement apologizing to the city and its residents for not tackling a variety of problems.

Technology News!

“While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the way,” he wrote in a letter first published London’s The Evening Standard. “On behalf of everyone at Uber globally, I apologize for the mistakes we’ve made.” (more…)

London Kicks Uber from the Curb

Transport authority says Uber's not "fit and proper."

by on Sep.22, 2017

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

Uber’s new CEO Dara Khosrowshahi may be rethinking his decision to take the ride-sharing company’s top job after the latest blow: London has revoked its license to operate.

The Silicon Valley company is the world’s largest ride-sharing firm and the loss of London’s 3.5 million users is a severe blow. Transport for London, the city’s transport authority, determined that the company was “not fit and proper to hold a private vehicle hire license.”

The Last Word!

“Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications,” the agency said. “TfL must also be satisfied that an operator is fit and proper to hold a license.” (more…)

Waymo Asks Judge to Delay Trial Start

Google subsidiary says it needs more time to review Uber documents.

by on Sep.18, 2017

Anthony Levandowski is seen here discussing autonomous vehicles while still with Google in 2011. Photo courtesy Shinygogo.

Waymo, Google’s self-driving car subsidiary, is looking for delay in the lawsuit it has filed against Uber so its lawyers have time to review thousands of pages of documents the ride-sharing pioneer has been forced to give up for review by its adversary.

The documents in question include a “due diligence report done by Uber prior to its acquisition of Otto, a self-driving tech start up focused on building automated trucks. Otto was founded by Anthony Levandowski, a former Google employee, who had access to Waymo’s most sensitive technical information and whose conduct is at the center of the litigation.

Legal News!

Levandowski was fired at the end of May by Uber, which has also seen a wholesale departure of senior executives after it became apparent the company’s “anything goes” corporate culture left its intermediate and long-range plans in serious jeopardy. (more…)

Uber Facing Several Possible Criminal Probes

Bribery, illegal interference with competitors among the latest allegations.

by on Sep.11, 2017

The arrival of new Uber CEO Dara Khosrowshahi hasn't stemmed the tide of potential problems for the ride-hailing company.

Those who thought Uber’s headaches would end with the ouster of its controversial CEO Travis Kalanick are going to have to think again.

New Chief Executive Dara Khosrowshahi, the former boss at travel site Expedia, has walked into a hornet’s nest that now includes at least two new, potential criminal investigations.

Industry News!

Ride-sharing giant Uber Technologies acknowledged late last month that it was facing a preliminary investigation by the U.S. Department of justice into the possible violation of bribery laws. Now, the Wall Street Journal reports, Uber may have used software to illegally interfere with competitors, such as Lyft, while also causing problems for drivers who wanted to work for both services. (more…)