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Uber Technologies Inc

Uber looking to sell Didi, China market has little transparency, CEO says

Uber looking to sell Didi, China market has little transparency, CEO says

Wed, Dec 15, 2021

Uber Technologies Inc is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc, its CEO said on Tuesday, who also described the China market as a tough one with little transparency.

Uber nears deal for self-driving car simulation startup - The Information

Uber nears deal for self-driving car simulation startup - The Information

Tue, Dec 10, 2019

The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving.

Uber ex-CEO Kalanick plans to sell 29% of stake: source

Uber ex-CEO Kalanick plans to sell 29% of stake: source

Fri, Jan 05, 2018

Kalanick`s sale is part of a deal with a group of investors led by SoftBank Group Corp, which is taking a 17.5% stake in Uber, mostly by buying shares from early investors and employees. SoftBank last week secured agreements from shareholders who were willing to sell, and the deal will close early this year, Uber said.

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Uber to disclose price on SoftBank deal early next week: sources

Uber to disclose price on SoftBank deal early next week: sources

Sat, Nov 25, 2017

Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service`s investors, two people familiar with the plans said on Friday.

Uber CEO Travis Kalanick takes leave of absence amid sweeping changes after scandals

Uber CEO Travis Kalanick takes leave of absence amid sweeping changes after scandals

Wed, Jun 14, 2017

After a months-long investigation led former US Attorney General Eric Holder, Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday that he would take time away from the company he helped to found, adding further that he needs to work on Travis 2.0 to become the leader that this company needs.

Uber board adopts all recommendations from Eric Holder investigation

Uber board adopts all recommendations from Eric Holder investigation

Mon, Jun 12, 2017

The board of directors of taxi-hailing app Uber has voted unanimously on Sunday to adopt all recommendations from a report stemming from allegations of sexual harassment at the company and other employee concerns, which will include imposing new controls on company spending, human resources and other areas.

Uber suspends self-driving car program after Arizona crash

Uber suspends self-driving car program after Arizona crash

Sun, Mar 26, 2017

Two `safety` drivers were in the front seats of the Uber car, which was in self-driving mode at the time of the crash.

Uber stalls India leasing scheme as driver incomes drop - sources

Uber stalls India leasing scheme as driver incomes drop - sources

Fri, Mar 24, 2017

Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more drivers - a strategy it has used in other markets - but it suspended the scheme for a while in December after leasing just a third of that total.

Uber's president Jeff Jones quits after working for six months

Uber's president Jeff Jones quits after working for six months

Mon, Mar 20, 2017

Uber Technologies Inc president Jeff Jones has quit after working with the taxi-hailing app for six months.

Uber asks senior VP Amit Singhal to resign for not disclosing sexual harassment allegation at Google

Uber asks senior VP Amit Singhal to resign for not disclosing sexual harassment allegation at Google

Tue, Feb 28, 2017

Uber Technologies Inc has asked its senior vice president of engineering Amit Singhal to resign after technology news website Recode informed the company of previous sexual harassment allegation against Singhal during his tenure at Google which he did not disclose when he joined the Uber.

Volvo Cars raises $500 million in step towards IPO

Volvo Cars raises $500 million in step towards IPO

Tue, Dec 20, 2016

Geely`s Volvo Cars have raised 5 billion Swedish crowns ($532 million) from a group of Swedish institutional investors in a step towards a listing of the Chinese-owned company.

Japan's Honda ties up with ride-hailing service Grab

Japan's Honda ties up with ride-hailing service Grab

Mon, Dec 12, 2016

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan`s Honda Motor Company had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services.

Taiwan's Foxconn invests $120 million in Chinese ride-hailing start-up Didi Chuxing

Thu, Sep 08, 2016

Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world`s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion.

China's government flexes muscles with Uber, DreamWorks probes

China's government flexes muscles with Uber, DreamWorks probes

Sat, Sep 03, 2016

The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China.

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