Uber, the embattled ride-hailing company, is reportedly facing five or more criminal investigations by the U.S. Department of Justice (DOJ), two of which have been already reported. That’s according to Bloomberg, which said in a report Wednesday (Oct. 11) that when Dara Khosrowshahi was appointed...
In Uber news, the ride-hailing service’s U.K. head has stepped down just as the company is gearing up to meet with London’s transport regulator and have its license in the city renewed. According to a report in Reuters, citing an email seen by the news...
In recent ridesharing news, German carmaker Daimler, owner of Mercedes-Benz and other brands, has recently announced its acquisition of Germany-based ridesharing company Flinc. Though the financial terms of the deal have not been disclosed, the carpooling and ridesharing platform will continue to operate independently after...
In Uber news released Thursday (Sept. 28), the ridesharing company will no longer provide a free version of its Uber for Business app for business customers. This will result in corporations paying more for the company’s ride hailing services. According to a report in Fortune,...
Uber has confirmed it is shutting down its U.S. auto-leasing business known as Xchange Leasing, which will affect about 500 jobs. According to a news report in The Wall Street Journal, the move comes months after Uber executives found out it was losing 18 times...
Lyft announced this week that Ford has become the ride-sharing company’s latest autonomous car partner. According to Tech Crunch, Ford—recently recognized as top of the industry for self-driving cars—joins Jaguar, GM and Alphabet’s Waymo, as well as startups Nutonomy and Drive.ai as Lyft allies. Ford...
Uber, the ridesharing startup, announced news on Tuesday (Sept. 26) that it will no longer operate in Quebec in October. The decision comes as a result of stricter transportation regulations in the Canadian province. According to a report in Reuters, the move on the part...
Following increased regulation and a removal of its license to operate, Uber’s newest CEO, Dara Khosrowshahi, apologized to London consumers and vowed to make changes so that it can renew its ridesharing services in the city. According to news from Reuters, citing an open letter to...
Lyft, the Uber rival, is eyeing the London market, holding talks with Transport for London (TfL) and City Hall officials over the past year. According to a news report in The Telegraph citing freedom of information records, while the talks don’t state Lyft is getting...
