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Uber Technologies named longtime executive Andrew Macdonald its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company’s top delivery leader.

The rare structure — bonds that turn into equity in another company if the underlying stock exceeds a set price after a period — offered investors a compelling combination of attributes.

Autonomous driving company Pony AI has confidentially filed for a Hong Kong listing to help raise capital to grow its business, according to people familiar with the situation.

Uber and Volkswagen have partnered to deploy thousands of electric ID Buzz vans in the U.S., marking the latest partnership to expand autonomous options on the ride-hailing app.

The FTC claims the rideshare and delivery company hurt consumers through “deceptive billing and cancellation practices” as part of its flagship subscription service.

The company has been spending more time pitching its vision for the future of its gig-economy business model as it plays catch-up in offering autonomous rides.

The permit will allow Tesla initially to carry its employees on a prearranged basis in company-owned vehicles, before later transporting members of the public.

Uber will shift into a new gear in Austin, Texas, on March 4 when its ride-hailing service will begin dispatching self-driving cars to pick up passengers.

Tesla is seeking approval to offer ride-hailing services in California, a key step by Elon Musk’s company to begin carrying paying customers while its traditional business falters.

Uber Technologies Inc. CEO Dara Khosrowshahi said Elon Musk was not open to making Tesla Inc.’s planned robotaxis available on the ride-sharing platform, making Uber a future competitor.