Business, Technology

Uber’s Conservative IPO Valuation Faces Public Market Test

Michael Nagle/Bloomberg News

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.

Eric Newcomer | Bloomberg News
May 10, 2019
Business, Technology, Autonomous

Uber’s Investment in Autonomous Tech Tops $1 Billion Since 2015

Uber A fleet of Uber's autonomous vehicles. (Bloomberg News)

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.

Mark Bergen | Bloomberg News
April 12, 2019
Business, Technology, Autonomous

Uber Contemplates Outside Investors for Autonomous Car Unit

Uber An Uber self-driving Volvo. (zombieite/Flickr)

Uber Technologies Inc. CEO Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers.

Erik Schatzker and Jeremy Kahn | Bloomberg News
January 23, 2019
Government, Business, Autonomous

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

An Uber self-driving car Uber’s modified Volvo XC90 sport-utility vehicle. (Uber)

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.

Eric Newcomer | Bloomberg News
December 22, 2018
Business, Technology, Logistics

Uber Freight Adds Analytics Tool for Shippers

Uber Freight Drivers wait in their cabs at a loading dock. (TT File Photo)

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.

Seth Clevenger | Managing Editor, Features
December 14, 2018
Business, Technology, Safety, Autonomous

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

Uber Self-Driving zombieite/Flickr

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

Natalie Wong | Bloomberg News
September 14, 2018
Business, Technology, Autonomous

Toyota Invests $500 Million in Uber

Uber sign Eric Risberg/Associated Press

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.

Eric Newcomer | Bloomberg News
August 27, 2018
Business, Technology, Autonomous

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

Uber Crash An Uber Volvo self-driving sports utility vehicle sits on the road after a high-impact crash in Tempe, Ariz. (Mark Beach/Fresco News via Bloomberg)

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’ safety system, according to a safety group.

Sarah Gardner | Bloomberg News
August 7, 2018
Government, Business, Technology, Autonomous

Uber Stops Work on Self-Driving Trucks, Reassigns Employees

Uber self-driving trucks Uber Advanced Technologies Group

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.

Roger Gilroy | Staff Reporter
July 31, 2018
Government, Business, Technology, Autonomous

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

Uber trucks Uber Advanced Technologies Group

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.

Seth Clevenger | Managing Editor, Features
May 24, 2018