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...
A self-driving car service that Google spinoff Waymo plans to launch later this year will include up to 62,000 Chrysler Pacifica Hybrid minivans.The deal announced Thursday is the latest sign of Waymo's confidence in its self-driving car technology, which ...
Uber will no longer just be a ride-hailing company.Uber CEO Dara Khosrowshahi announced Wednesday at a future of mobility event that its launching a service that will allow users to be able to rent other people’s cars through the Uber...
Arizona Gov. Doug Ducey suspended Uber's self-driving vehicle testing privileges Monday in the wake of a pedestrian fatality in a Phoenix suburb last week.Ducey said in a letter to CEO Dara Khosrowshahi that video footage of the crash raised concerns...
Uber suspended all of its self-driving testing Monday after what is believed to be the first fatal pedestrian crash involving the vehicles.The testing has been going on for months in the Phoenix area, Pittsburgh, San Francisco and Toronto as automakers...
Uber is paying $245 million to Google's self-driving car spinoff to end a legal brawl that aired out allegations of a sinister scheme that tore apart the once-friendly companies.The surprise settlement announced Friday came as lawyers for Uber and Waymo,...
Uber is curbing the power of former CEO Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the ride-hailing service tries to recover from internal strife and a myriad of legal headaches.The changes adopted unanimously...
The new CEO of Uber offered contrition for past mistakes on Monday, just days after London's transport authority said it would scrap the company's operating license.Dara Khosrowshahi issued a letter to London's Evening Standard newspaper acknowledging that
