Uber and Chinese autonomous vehicle makers WeRide announced that they are partnering to offer a robotaxi service in Abu Dhabi. Human safety drivers will supervise the rides to start with.
Uber Technologies (NYSE: UBER) and WeRide (NASDAQ: WRD) have launched a ride-hailing partnership in Abu Dhabi, marking the first availability of autonomous vehicles (AVs) on Uber's platform outside the U.S. and the largest Robotaxi service outside the U.S. and China. Riders using UberX or Uber Comfort may now be matched with WeRide autonomous vehicles for trips coming to or going from the Zayed International Airport, with plans to expand coverage.
After slumping because of Waymo's expansion Thursday, Uber stock climbed on different robotaxi news. The post Uber Launches First International Robotaxis, Shares Regain Some Ground appeared first on Investor's Business Daily.
Legacy ride-hailing services Uber Technologies Inc (NYSE:UBER, ETR:UT8) and LYFT Inc fell sharply on Thursday on news the fully autonomous ride-hailing disruptor Waymo is expanding its fleet to new areas. Waymo, which is owned by Google parent Alphabet Inc (NASDAQ:GOOG), announced the plans to expand its autonomous ride-hailing service, Waymo One, to Miami, with operations set to begin in 2026.
Ride-hail giant Uber and Chinese autonomous vehicle technology company WeRide have launched a commercial robotaxi service in Abu Dhabi. The launch marks Uber's first international autonomous vehicle offering.
The 'Fast Money' traders talk recent moves in ride sharing stocks as Waymo announces its expanding.
Google said it is bringing its Waymo self-driving taxis to Miami, news that sent shares of Uber Technologies (UBER) and Lyft (LYFT) sharply lower as investors weighed the risk to their services.
Shares of Uber Technologies (UBER -9.60%) fell 9.6% in today's trading.
Uber has 30 days to require certain drivers to get fingerprinted if the ride-hail giant intends to continue transporting unaccompanied teens in California.
Waymo says it plans on expanding its autonomous ride-hailing service to Miami. Shares of Uber Technologies Inc (NYSE: UBER) as well as peer Lyft Inc (NASDAQ: LYFT) are deep in red following the announcement on Thursday.
Growth in gross bookings and trips has been aiding UBER's prospects.
Uber is expanding its partnership with restaurant technology platform Toast. The new integration between Toast Delivery Services and Uber Direct lets U.S. restaurants save on delivery fees and expand their delivery radius, while using Uber's delivery network to provide local delivery on phone orders and ones made via Toast digital ordering channels, the companies said in a Thursday (Dec.