CNBC's Deirdre Bosa joins 'Closing Bell Overtime' with breaking news on Uber.
Cruise's trouble-ridden robotaxis are joining Uber's ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers.
Uber and General Motors-backed Cruise said on Thursday Cruise will deploy its autonomous vehicles on the ride-hailing firm's platform.
Uber Technologies and General Motors' Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The Thursday announcement comes as Cruise attempts to revive its robotaxi business after the company ceased operations following an October 2023 incident.
Cruise, General Motors's self-driving subsidiary, said it has signed a multi-year partnership with ride-hailing giant Uber to bring its robotaxis to the ride-hailing platform in 2025.
A rate cut this year would be a tailwind for the capital-intensive Internet - Services industry. Uber (UBER) and Zillow Group (ZG) are our picks.
UBER announces the appointment of Rebecca Tinucci to supervise its transition to a zero-emission platform.
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Uber operates the world's largest ride-hailing network, and human drivers are its largest cost by a wide margin. Self-driving vehicles could help Uber pocket more money from each ride, significantly boosting its revenue and profit.
CHICAGO—Three days after Democrats narrowly won control of Minnesota's Senate, House and governor's mansion in 2022, Gov. Tim Walz summoned party leaders to his formal office in the state's Capitol building for an early morning huddle.
Uber Technologies has hired former Tesla executive Rebecca Tinucci to oversee the ride-hailing platform's shift to electric vehicles, according to an internal memo seen by Reuters on Tuesday.
Uber CEO Dara Khosrowshahi recently said he is skeptical that Tesla's ambitions with self-driving vehicles will succeed. While Khosrowshahi expressed valid concerns, there are a number of reasons why his pessimism may be overblown.