uber

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    Uber to invest $150 million in driverless car hub

    Uber to invest $150 million in driverless car hub Uber Technologies Inc. said it will spend more than $150 million in Toronto to support driverless car research. The five-year investment includes opening an engineering hub in Canada’s biggest city in early 2019 and an expansion of its Advanced...
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    Uber accused of saving $500 million per year by cheating drivers

    Uber accused of saving $500 million per year by cheating drivers Uber Technologies Inc. may be saving more than $500 million a year by misclassifying its California drivers as independent contractors, according to a lawsuit that claims the ride-hailing company is flouting a ruling by the...
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    Uber partners with Japanese taxi company

    Uber partners with Japanese taxi company Uber Technologies Inc. has finally found a partner for its cab-hailing program in Japan, one of the world’s largest taxi markets. The San Francisco-based company struck a deal with the Fuji Taxi Group to let users hail cabs through its app in Nagoya...
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    Uber defeats lawsuit by investors who blamed scandals for losses

    Uber defeats lawsuit by investors who blamed scandals for losses Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars. U.S. District Judge...
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    Uber appoints Merrill Lynch veteran as CFO

    Uber appoints Merrill Lynch veteran as CFO Uber Technologies Inc. selected Nelson Chai, a longtime banking executive who weathered the 2008 financial crisis, as chief financial officer. Chai will help guide the ride-hailing company through a planned initial public offering late next year. Uber...
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    Why Uber South Africa does not want its drivers forced to get permits

    Why Uber South Africa does not want its drivers forced to get permits Uber has called on the South African Transport Ministry to revise a number of proposed amendments to the National Land Transport Act. The amendments aim to update the legislation to account for the proliferation of...
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    Uber lobbying for contract workers not to become employees

    Uber lobbying for contract workers not to become employees Leading gig economy companies including Uber and Lyft are quietly lobbying California’s top Democrats to override or undermine a court ruling that could make many of their contract workers into employees. In April, the California...
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    Uber appoints former Northrop CEO as chairman

    Uber appoints former Northrop CEO as chairman Uber Technologies Inc. named former Northrop Grumman Corp. Chief Executive Officer Ronald Sugar as independent chairman of the board. The move follows a fraught process to revamp its corporate governance after the resignation of Travis...
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    Uber to rent scooters through its mobile app

    Uber to rent scooters through its mobile app Electric scooter rental company Lime is teaming up with Uber to bring an unconventional mode of transportation to the world. Uber Technologies Inc. is investing in Lime as part of a $335 million financing round, the companies plan to announce on...
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    Uber to pay drivers in some cities to switch to electric cars

    Uber to pay drivers in some cities to switch to electric cars Uber has launched its EV Champions Initiative, a pilot programme which encourages its drivers to adopt electric vehicles (EVs). "This program kicks off today in seven cities — Austin, Los Angeles, Montreal, Sacramento, San...
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    Uber drivers in South Africa go on strike

    Uber drivers in South Africa go on strike Some Uber Technologies Inc. drivers in South Africa have gone on strike as the cost of running cars increases with higher fuel prices. Drivers at the U.S. ride-hailing service gathered peacefully at a public park in central Johannesburg Monday to...
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    Uber rolls out electric bicycle rentals in Europe

    Uber rolls out electric bicycle rentals in Europe Uber Technologies Inc. announced it would roll out its on-demand electric-bicycle service to Europe, as it seeks to expand its international offerings to include more environmentally-friendly forms of transportation. Uber said Wednesday it...
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    Uber testing 30-minute food delivery by drone

    Uber testing 30-minute food delivery by drone Uber Technologies Inc. plans to deliver food by drone in San Diego as part of a wide-reaching commercial test program approved by the federal government on Wednesday, said Dara Khosrowshahi, the chief executive officer. Khosrowshahi said people...
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    Uber teams up with NASA on flying cars

    Uber teams up with NASA on flying cars Uber Technologies Inc. announced a partnership to study urban manned aircraft in conjunction with the U.S. space agency NASA, following a partnership last year that focused on unmanned drones. As part of the deal, Uber will share its data with the...
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    Uber acquires electric bike-sharing startup

    Uber acquires electric bike-sharing startup Uber Technologies Inc. is leaping into the bike-rental industry with the purchase of Jump Bikes. [Bloomberg]
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    Fatal Uber crash could set back self-driving cars for years

    Fatal Uber crash could set back self-driving cars for years Uber's autonomous vehicle crash could slow the efforts of other driverless car companies like Tesla and Waymo. [Bloomberg]
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    Uber seeks $1.25-billion loan in return to debt market

    Uber seeks $1.25-billion loan in return to debt market Uber Technologies Inc. is seeking $1.25 billion in its second foray in the U.S. leveraged loan market. [Bloomberg]
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    Uber teams up with Toyota on self-driving cars

    Uber teams up with Toyota on self-driving cars The world’s largest car maker and the world’s biggest ride-hailing company plan to team up on autonomous driving. [Bloomberg]
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    Uber will be profitable within three years - CEO

    Uber will be profitable within three years - CEO Uber, whose losses have piled up in the quest for growth around the world, will be profitable within three years, said Chief Executive Officer Dara Khosrowshahi.
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    Taxify and Uber still viable ?

    hi guys i was recently retrenched from work and contemplating withdrawing my provident fund and buying a car to under the uber/taxify taxi platform.Do you think this is a good idea. Normally how much do uber/taxify owners make per month ? i am in Durban where i havent heard of any incidents...
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