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Uber Technologies Inc News
Uber Technologies Inc
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.
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
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
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
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
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
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
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
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
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
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.