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SINGAPORE, Singapore (AFP) — Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber’s ride-hailing and food business in Southeast Asia in March, ending a bruising battle between the companies. In return, Uber received a 27.5 percent stake in Grab. However the deal came under scrutiny […]
SAN FRANCISCO, United States (AFP) — Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese car giant said on Tuesday. The deal, which reportedly values Uber at about $72 billion, aims at “advancing and bringing to market autonomous ride-sharing as a mobility service at scale,” Toyota said in a statement. Technology from both companies will be integrated into purpose-built Toyota vehicles […]
MADRID, Spain (AFP) — Spanish taxis late on Wednesday called off their days-long strike against online ride-hailing services like Uber after Madrid agreed to let regional governments regulate the sector. The strike began in Barcelona on Wednesday last week and spread to Madrid at the weekend as drivers demanded action against what they believed was poor enforcement of regulations on VTCs (tourism vehicles with chauffeur). On Monday, it spread even further to cities across […]
by Daniel Bosque © Agence France-Presse BARCELONA, Spain (AFP) – Taxi drivers across Spain were set to keep striking on Tuesday against ride hailing competitors such as Uber and Cabify, which they say unfairly threaten their livelihoods after government negotiations ended without a deal. The strike began in Barcelona last week and spread to Madrid at the weekend as drivers blocked main thoroughfares, demanding action from the government. Strikes or partial stoppages were also called […]
SAN FRANCISCO, United States (AFP) — Uber on Monday said it is hitting the brakes on self-driving trucks, shifting gears to focus just on autonomous cars. Uber is among a number of technology and car companies racing toward what some contend is an inevitable future in which vehicles drive themselves. Uber’s aspirations had included self-driving trucks, with the smartphone-summoned-ride service revving that effort with the purchase of startup Otto two years ago. “We’ve decided to […]
WASHINGTON, United States (AFP) – Uber made a move into electric scooters Monday, as the ride-service giant agreed to a strategic partnership with Lime, one of the major players in the fast-growing segment. Lime announced the new $335 million investment to be led by GV — formerly Google Ventures — with additional funding from Google parent Alphabet and others including Uber. Uber will make “a sizable investment,” according to Lime co-founder and chief executive Toby […]
by Edouard GUIHAIRE Agence France-Presse LONDON, United Kingdom (AFP) — Uber claimed Monday to have mended its ways as the ride-hailing app started its appeal against being stripped of its license to operate in London. Uber agreed that the city’s transport authority was right to block its renewal last September — but said it had since undergone “wholesale change” in response, and the decision should therefore be overturned. Transport for London (TfL) had decided […]
LOS ANGELES, United States (AFP) — It’s not a bird, nor a plane. But Uber’s new prototype vehicle unveiled Tuesday shows off its vision of the future of transportation — a “flying taxi” that aims to alleviate urban congestion. A model of Uber’s electric vertical take-off and landing vehicle concept (eVTOL) — a cross between a helicopter and a drone — was displayed at the second annual Uber Elevate Summit in Los Angeles. “Our goal […]
(Eagle News) — The Land Transportation Franchising and Regulatory Board on Monday, April 30, accredited another Transport Network Company following Uber’s exit from the Southeast Asian market. Micab Systems Corp. became the fifth TNC accredited this year, after Golag Inc. Hirna, Hype and Ipara, after its accreditation order was signed by LTFRB Chair Martin Delgra III, LTFRB Board Members Aileen Lizada and Ronaldo Corpus. The order was attested to by Executive Director Samuel Jardin. Micab’s accreditation will be […]
(Eagle News) — The Philippine Competition Commission has ordered ride-hailing service Uber to continue operating its app pending the PCC’s review of the Uber-Grab deal. “The PCC believes that Uber is capable of operating its ride-hailing app in the country, despite its claims that it has already exited the Southeast Asia market,” PCC Chair Arsenio Balisacan said in a statement. According to Balisacan, while Uber was “highlighting the exit,” it “does not emphasize enough its […]
(Eagle News) –The personal data of Uber users and drivers will not be automatically shared with Grab. This was the assurance given by the National Privacy Commission and Grab itself in a press conference on Friday. “There is no path for us to take Uber’s data. The data that we have received from Uber is only upon consent and that is only on the drivers’ side,” Brian Cu, Grab Philippines country head, said. According to NPC […]
(Eagle News) — The Philippine Competition Commission launched on Tuesday a review of the Uber and Grab merger. In a statement on Tuesday, the PCC said the “motu proprio review…of the acquisition by Grab Holdings, Incorporated and MyTaxi.PH, Incorporated of the assets of Uber BV and Uber Systems, Incorporated” was in view of the possibility it would “lead to a virtual monopoly in the ride-sharing market.” A motu proprio review refers to an inquiry conducted by […]
