The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability — when adjusted for interest, taxes, depreciation...
Snubbed by Uber and Lyft, a House committee went ahead with its hearing Wednesday on safety and employment issues plaguing ride-hailing companies. Members of the House Committee on Transportation and Infrastructure called on Uber and Lyft to clean up their...
The average American now spends 54 minutes commuting each day (27 minutes each way), or 20 minutes more each week and 17 hours more each year than they did a decade ago, according to the U. S. Census Bureau. Commute...
Japan's top automaker, Toyota, and smaller rival Suzuki are partnering in the development of self-driving car technology, as manufacturers around the world grapple with innovations in the industry. Under the deal, announced Wednesday, Toyota will take a 4. 9% stake...
Nearly one sixth of all ride-hailing vehicles in two major U. S. markets are subject to safety recalls that haven't yet been performed. Consumer Reports reported last week that one in six Uber and Lyft vehicles in a study of...
BMW and Daimler announced Thursday they will work together on developing the automated driving technology expected to transform the industry in the years ahead as automakers try to fend off competition from tech companies such as Uber and Waymo. The...
There will be one silver lining for Los Angeles Rams or New England Patriot fans on Super Bowl Sunday: They may be able to snag a free ride home from their game-watching party. According to The Boston Globe, Uber will...
The Pennsylvania Department of Transportation has approved Uber's request to resume testing of autonomous vehicles on public roads in the Pittsburgh area. The approval, effective Monday and lasting for one year, comes about nine months after one of Uber's autonomous...
