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...
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...
Congress may revisit an overhaul to federal rules for self-driving cars when it reconvenes early next month. House and Senate committees are looking for comments from the public and automakers to standardize federal rules for testing and selling self-driving cars...
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...
Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said...
In the world of autonomous vehicles, Pittsburgh and Silicon Valley are bustling hubs of development and testing. But ask those involved in self-driving vehicles when we might actually see them carrying passengers in every city, and you'll get an almost...
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...
