Some drivers for ride-hailing giants Uber and Lyft shut down their apps Wednesday to protest what they refers as declining wages at a time when both companies are raking in billions from investors. Demonstrations occurred in 10 U.S. cities, including Chicago, Los Angeles, New York, San Francisco and Washington, along with some European places like […]
Uber Inc
Daimler, BMW to invest 1 billion euros in venture to compete Uber
Daimler and BMW revealed a joint ride-hailing, parking and electric vehicle charging business on Friday to rival with mobility services offered by Uber and other tech companies. The luxury car companies stated they would invest over 1 billion euros ($1.13 billion) to broaden the joint venture, moving beyond manufacturing and auto sales toward pay-per-minute or […]
With Easy Ride trial, Nissan to rival Uber
Nissan Motor is taking its first steps to becoming an operator of autonomous automobile services, wanting to get into a segment set to be dominated by Uber and other similar companies. While automakers for more than a century have based their business models on specific vehicle ownership, Japan’s No. 2 automaker and its competitors are […]
Uber former CEO Kalanick selling almost a third of stake for $1.4 billion
Uber Inc’s co-founder Travis Kalanick, who was ousted as CEO in June, is selling almost a third of his 10 percent stake in the ride-services company for about $1.4 billion, an individual knowledgeable about the matter stated on Thursday. Kalanick’s sale is part of a deal struck by a consortium led by SoftBank Group which […]
British city of Sheffield lifts suspension on Uber’s license
Sheffield has lifted a suspension on Uber’s operating license after they got the satisfactory answers to concerns about the taxi app’s management, in boost to the company’s British operations. Previously this month, local authorities in Sheffield said Uber’s license had been suspended after it failed to reply to inquiries. Uber stated it had received the […]
Uber submits request to Supreme Court appealing a decision in UK
Uber filed a request to appeal the Supreme Court a decision by a British tribunal which said its drivers should have employees’ rights such as the base pay, the taxi app stated on Friday. Last year, 2 motorists effectively argued at a British employment tribunal that the ride-hailing company exerted significant control over them to […]
Uber loses its licence to operate in London, says it will appeal
Uber stated it would challenge a decision by London’s transport regulator on Friday to remove it of its licence to run from the end of the month. Transport for London said Uber, whose licence ends on September 30, would be permitted to continue to run while the appeals procedure was exhausted. “Transport for London and […]
