Uber News Updates

Business, Technology

Uber鈥檚 Conservative IPO Valuation Faces Public Market Test

Uber Technologies Inc. took a conservative approach to its initial public offering May 9, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round.

May 10, 2019
Business, Technology, Autonomous

Uber鈥檚 Investment in Autonomous Tech Tops $1 Billion Since 2015

Uber Technologies Inc. has spent more than $1 billion on autonomous vehicle technology to compete with giants such as Alphabet Inc., Apple Inc. and General Motors Co.

April 12, 2019
Business, Technology, Autonomous

Uber Contemplates Outside Investors for Autonomous Car Unit

Uber Technologies Inc. CEO Dara Khosrowshahi said it was 鈥減ossible鈥 the ride-hailing giant would look for outside investors for its self-driving car unit, but isn鈥檛 currently searching for backers.

January 23, 2019
Government, Business, Autonomous

Uber Puts First Self-Driving Car Back on the Road Since Death

Uber Technologies Inc., which halted its self-driving car program after the death of a pedestrian in March, resumed testing of self-driving cars on public roads in Pittsburgh on Dec. 20, the company said.

December 22, 2018
Business, Technology, Logistics

Uber Freight Adds Analytics Tool for Shippers

Uber Freight has launched a new data analytics feature designed to help shippers pinpoint problem areas within their supply chains and take action to improve efficiency.

December 14, 2018
Business, Technology, Safety, Autonomous

Uber to Invest More Than $150 Million in Toronto Driverless Car Hub

Uber Technologies Inc. will spend more than $150 million in Toronto to support driverless car research.

September 14, 2018
Business, Technology, Autonomous

Toyota Invests $500 Million in Uber

Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road, a person familiar with the matter said.

August 27, 2018
Business, Technology, Autonomous

Uber Crash May Have Been Avoidable With Volvo鈥檚 Tech, IIHS Says

The Uber Technologies Inc. self-driving test vehicle that killed a pedestrian in Arizona earlier this year may have been able to avoid the crash had the ride-hailing company not disabled Volvo Cars鈥 safety system, according to a safety group.

August 7, 2018
Government, Business, Technology, Autonomous

Uber Stops Work on Self-Driving Trucks, Reassigns Employees

Uber Technologies Inc., a pioneer developer of autonomous trucks that helped the idea gain traction with the industry, announced it has halted its self-driving truck program. Instead, it will focus the technology on its fleet of passenger cars.

July 31, 2018
Government, Business, Technology, Autonomous

Uber Ends Testing of Self-Driving Cars, Trucks in Arizona

Uber Technologies Inc. confirmed it is shutting down its autonomous vehicle operations in Arizona, including its self-driving trucks, two months after one of its self-driving passenger cars struck and killed a pedestrian in the state.

May 24, 2018