Mitsubishi Motors to invest in Indonesian ride-hailing giant Gojek
Mitsubishi Motors Corp. and trading house Mitsubishi Corp. are investing in Indonesian ride-hailing giant Gojek. The total investment amount has not been disclosed but is believed to be in the neighborhood of several billion yen. The three companies will discuss joint services such as food delivery ...
Toyota to cut managers' summer bonus by up to 5% due to high R&D costs
Toyota Motor Corp. will cut summer bonuses for some 9,800 managers by 4 to 5 percent, as it looks to tighten cost control in the face of high spending on developing technology for autonomous and electrified vehicles, a source close to the matter said ...
Toyota considers investment in Chinese ride-hailing giant Didi
Toyota Motor Corp. is considering investing up to ¥60 billion ($550 million) in Chinese ride-hailing giant Didi Chuxing Technology Co. in an effort to expand its business in China, sources close to the matter said Wednesday. Toyota and Didi are looking to set up a ...
Weak Uber market debut augurs poorly for other Silicon Valley unicorns
Uber Technologies Inc.'s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook would weigh on other Silicon Valley unicorns. Uber considered ...
Uber stock set to launch at $45 a share in milestone for 'sharing economy'
Uber is set for its Wall Street debut Friday, with a massive share offering that is a milestone for the ride-hailing industry and the so-called sharing economy but which comes with simmering concerns about its business model. Shares will be priced at $45 for the ...
Uber and Lyft drivers set to strike in cities across the U.S. and Europe
Drivers for ride-hailing giants Uber and Lyft are turning off their apps, to protest what they say are declining wages at a time when both companies are raking in billions of dollars from investors. Organizers planned demonstrations in 10 U.S. cities Wednesday, including Chicago, Los ...
'Shooting for big game': Softbank's push for transport dominance
SoftBank Group Corp. leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc. turn into more than $13 billion when the company goes public next month. The Japanese entrepreneur is placing a $60 billion bet in more ...
Google's self-driving spinoff launches ride-hailing service, with human aboard for now
Google's self-driving car spinoff is finally ready to try to profit from its nearly decade-old technology. Waymo is introducing a small-scale ride-hailing service in the Phoenix area that will include a human behind the wheel in case the robotic vehicles malfunction. The service debuting Wednesday marks ...
NTT Data, Gunma University to test self-driving ride services on public roads near Toyosu
A multiday test involving three self-driving vehicles on public roads will kick off Friday in Tokyo, the IT firm and school behind the experiment said Thursday. NTT Data Corp. is teaming up with Gunma University to conduct the test in Tokyo's Toyosu district on Friday ...
