Tag: Uber

Uber Going Zero-Emissions By 2040, Announces Partnerships With GM And Renault-Nissan

Uber has announced every vehicle on its platform will be zero-emissions by 2040. If that wasn’t ambitious enough, the company wants 100% of rides in US, Canadian and European cities to be in electric vehicles by 2030. As part of the effort, the company has launched Uber Green in more than 15 US and Canadian […]

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Russia’s Yandex JV Agrees With Uber To Spin Off Their Autonomous Car Business In A New Entity

Yandex, Russia’s largest internet company, entered into an agreement with Uber to separate their self-driving car business from their ride-hailing and food-tech joint venture. The new entity, named Yandex Self Driving Group (or Yandex SDG), will be directly owned by the Russian firm and Uber. Yandex will also purchase a portion of Uber’s stake in […]

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Prosecutors Seeking 2-Year Prison Sentence For Engineer Who Stole Google’s Autonomous Secrets

Prosecutors in the United States say Anthony Levandowski should spend 27 months in prison after stealing autonomous vehicle-related trade secrets from Google and defecting to Uber. While speaking with a judge ahead of Levandowski’s sentencing next week, government lawyers said the sentence would serve as an important lesson to deter “brazen and shocking” conduct in […]

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Travis Kalanick Cashing Out On Uber’s Shares At Lightning Pace, Dumps Another $166 Million

Uber Technologies co-founder and ex-CEO Travis Kalanick is unloading his shares in the ride-hailing company at a blazing fast pace, selling another $166 million worth of stock between December 11 and December 13, or more than $350 million of his stock just this month. Overall, this brings the 43-year old’s proceeds from Uber’s stock sale […]

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