Tag Archives: uber

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Uber unveils IPO with warning it may never make a profit

04 April, 2019 11:26 am 11:26 am

NEW YORK (Reuters) – Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab … Read More




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Daimler, BMW to invest 1 billion euros in venture to rival Uber

02 February, 2019 10:35 pm 10:35 pm

BERLIN (Reuters) – German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business to compete with mobility services provided by Uber and other tech firms. The luxury car firms said they would invest more than 1 billion euros ($1.13 billion) to expand the joint venture, shifting beyond manufacturing and car … Read More




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Madrid taxis block major road in biggest anti-Uber protest yet

01 January, 2019 10:38 pm 10:38 pm

MADRID (Reuters) – Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week. Anti-riot police backed by a fleet of tow trucks took several hours to clear … Read More




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German transport minister wants to welcome Uber, others by 2021

11 November, 2018 9:30 am 9:30 am

BERLIN (Reuters) – Transport Minister Andreas Scheuer wants to open the German market to car pooling services offered by Uber and other companies by 2021, Focus magazine reported. Scheuer told Focus in an interview that online taxi services and pooling services could help provide critical services in rural areas, and he wanted to change existing … Read More




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Uber to go all-electric in London, awaits Khashoggi murder facts

10 October, 2018 10:30 am 10:30 am

LONDON (Reuters) – Uber aims for London to be the first city where all of its taxis will be electric in 2025, with a clean air fee added to rides to help drivers go green, a part of efforts to cut pollution in the British capital, its chief executive said on Tuesday. Dara Khosrowshahi also … Read More




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In latest change, Uber brings new driver app to the UK

09 September, 2018 9:47 am 9:47 am

LONDON (Reuters) – Uber launched a new app for its drivers in Britain on Friday with features to help them track their earnings, calculate driving time and avoid speeding, in the latest change to the way it operates. The Silicon Valley-based company unveiled the app earlier this year and it is being rolled out globally. … Read More




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Uber launches taxi-hailing app in Japan’s Nagoya

09 September, 2018 11:02 am 11:02 am

TOKYO (Reuters) – Uber Technologies  on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the US firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service. The US firm said it was working with Fuji Taxi Group, which has … Read More




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Uber’s new Brazil center aims to improve safety of cash transactions

08 August, 2018 10:27 am 10:27 am

SAO PAULO (Reuters) – Ride-hailing company Uber Technologies Inc plans to open a 250 million-reais ($64-million) center in Brazil that will research technology to make it safer for its drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said Friday. Uber’s Safety Product Director Sachin Kansal said … Read More




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New York City votes to cap Uber, Lyft vehicle licenses

08 August, 2018 8:57 am 8:57 am

NEW YORK (Reuters) – The New York City Council  agreed to cap the number of licenses for ride-hailing services such as Uber Technologies Inc for one year, dealing a blow to the companies that have relied on the largest US metro area for a major source of their revenue. The first such cap by any … Read More




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Uber names new privacy chief, data protection officer

07 July, 2018 9:49 am 9:49 am

CALIFORNIA (Reuters) – Uber Technologies Inc appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokeswoman told Reuters . The ride-hailing company has had a rough history when it comes to protecting driver and passenger data, even while it gears up for a public listing next year. Hackers … Read More




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Uber returns to Finnish roads after taxi market deregulation

07 July, 2018 9:39 am 9:39 am

HELSINKI (Reuters) – Uber Technologies will re-start its ride-hailing business in Finland on Wednesday after a one-year pause, it said, seeking to benefit from the country’s transport law reform. The US company has come under pressure from traditional taxi drivers and regulators across Europe, who accuse it of unfair competition and skirting traditional licensing rules. … Read More




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Uber disabled emergency braking in self-driving car: US agency

05 May, 2018 11:55 am 11:55 am

WASHINGTON (Reuters) – Uber had disabled an emergency braking system in a self-driving vehicle that struck and killed a woman in Arizona in March even though the car had identified the need to apply the brakes, the National Transportation Safety Board said in a preliminary report released on Thursday. The report into the first fatal … Read More




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