Ridesharing

Ridesharing
Uber Technologies Sells Money-Losing Auto Leasing Unit
December 27, 2017

Uber Technologies has reportedly sold its subprime auto leasing business in the U.S. to Fair.com, a car marketplace startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Ridesharing
Daimler Buys Majority Stake In French Ridesharing Company
December 22, 2017

Daimler’s Daimler Mobility Services announced news on Thursday (Dec. 21) that it has acquired a majority stake in Chauffeur Privé, one of the leading private hire vehicle services in France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Ridesharing
EU Court To Rule On Uber’s Status This Week
December 19, 2017

A European Union court is slated to decide later this week if ridesharing firm Uber is a digital company or one that provides transport services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Ridesharing
Lyft Tests Self-Driving Cars In Boston
December 07, 2017

Lyft has started its self-driving car pilot with the self-driving car company nuTonomy, matching its riders with autonomous vehicles in parts of Boston. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Ridesharing
Uber Allegedly Used Ex-CIA To Steal Trade Secrets
November 29, 2017

Uber is getting hit with accusations that it has a secret unit that was created to steal trade secrets, according to news from The Financial Times, citing information from the pretrial hearing between Uber and Alphabet’s self-driving car unit Waymo. Waymo has accused Uber of stealing...

Ridesharing
Uber Books Big Losses In Q3
November 29, 2017

As SoftBank’s investment is looming on the horizon, Uber is reporting losses on the rise in the third quarter of the year. Uber reported unadjusted net losses of $1.46 billion in the third quarter, according to Reuters reports.  The adjusted figure, according to The Financial Times, is $743m...

Ridesharing
Regulators Want Answers From Uber Over Hidden Hack
November 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Ridesharing
Uber Confirms SoftBank-Led Investment
November 14, 2017

Ridesharing app Uber confirmed the company has reached a deal, paving the way for Japan’s SoftBank to invest in it, according to a Monday (Nov. 13) report in TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Ridesharing
Softbank CEO Says He Can Walk Away From Uber Investment
November 07, 2017

Masayoshi Son, the head of SoftBank who is in talks to make a big investment in ridesharing company Uber Technologies, warned he could walk away. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...