by Paul A. Eisenstein | Jul 10, 2019
Ford and Volkswagen are planning to announce two new joint ventures by as early as Friday that would have them pair up on the development of autonomous and electrified vehicles, TheDetroitBureau.com has confirmed with numerous sources close to the negotiations. The...
by Michael Strong | Jul 9, 2019
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...
by Paul A. Eisenstein | Jun 26, 2019
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...
by Michael Strong | May 22, 2019
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...
by Paul A. Eisenstein | May 22, 2019
General Motors plans to pull its Maven car-sharing service out of eight cities in North America, including Boston and Chicago, while continuing to focus on markets with stronger demand, including Toronto, Los Angeles and GM’s home in Detroit. The move comes just...
by Michael Strong | May 16, 2019
Rental cars are often considered almost throw away items. We’ve all heard the old axiom: People will do things in a rental car that they won’t do in their own. According to new testing, that’s not true: ride-hailing vehicles – typically owned by the driver – are the...
by Michael Strong | May 14, 2019
Early in their growth, ride-hailing services, like Uber and Lyft, were seen as potential replacements for new vehicles; however, a new study suggests they only add to the number of vehicles on the road. According to the new study, traffic delays in San Francisco – the...
by Michael Strong | May 13, 2019
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...
by Michael Strong | May 7, 2019
Producing self-driving vehicles requires a lot of money and, perhaps, even more faith. It would seem investors have both when it comes to this part of the automotive industry as General Motors’ Cruise outfit has secured $1.15 billion in new equity. Cruise...
by Joseph Szczesny | May 3, 2019
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...
by Michael Strong | Apr 30, 2019
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...
by Paul A. Eisenstein | Apr 22, 2019
Today could prove to be a transformative day for Tesla and the auto industry at large, at least if Elon Musk delivers the “full self-driving” vehicle that the battery-carmaker’s CEO Elon Musk has promised to unveil. Tesla has long been a proponent of autonomous...
