Tag: uber

By on August 19, 2019

vision 2.0 NHTSA Autonomous vehicles

Over the past year the automotive industry has carefully walked back the expectations surrounding autonomous cars. Yet pretty much any change in rhetoric constitutes retracted goals. With numerous companies predicting self-driving fleets of commercial vehicles before 2021, the bar couldn’t have been set much higher.

A lack of progress is partly to blame. However, a bundle of high-profile accidents have also shaken public trust — especially after it was found that Uber whistleblower Robbie Miller was trying to alert the company to issues with its self-driving program just days before one of the company’s autonomous Volvos was involved in a fatal accident with a pedestrian.

That’s not the half of it. In April, Miller released a study claiming self-driving vehicles were actually recording incident rates higher than that of your typical motorist. Contrasting data from the Strategic Highway Research Program (SHRP) and the California DMV, he concluded that autonomous test vehicles created more injuries per mile than the average human motorist with a few years of practice.  (Read More…)

By on August 13, 2019

Last week, the Center for Auto Safety announced it had reached out to America’s ride-hailing giants to encourage them to stop allowing drivers to use vehicles under active recalls. The group’s release references a Consumer Reports study from this spring that alleged 1 in 6 automobiles commissioned by Uber and Lyft had unresolved defects in the NYC and Seattle areas.

“Unrepaired recalled vehicles are dangerous and can kill or injure drivers, passengers, bikers, or pedestrians. Exploding Takata airbag inflators which have resulted in at least 24 deaths worldwide, GM ignition switch failures which have resulted in at least 170 deaths in the U.S., and hundreds of other less-publicized defects pose equally significant threats to public safety,” explained the advocacy group. “Yet, recent studies from Consumer Reports and others have found concerning numbers of rideshare vehicles with unrepaired recalls on the Uber and Lyft apps.” (Read More…)

By on August 9, 2019

The futuristic world of personal transportation sans ownership was, once again, called into question after Uber posted its largest-ever quarterly loss on Thursday. The $5.2 billion dollar dent was accompanied by a Q2 that also showcased slowed growth, the worst the ride-hailing firm has ever seen.

While Uber attributed a large portion of its losses ($3.9 billion) to the employee stock compensations it needed to issue after its initial public offering in May, the remaining $1.3 billion still represents increased losses over last year’s results. Uber also said it expects to lose $3 billion through the end of 2019.

Despite revenue continuing to grow to roughly $3.1 billion, up 14 percent from last year, it’s the slowest quarterly growth rate in Uber’s history. However, the company claimed that “healthy growth” is what it’s primarily seeking at this time — and made a point of noting so on numerous occasions.  (Read More…)

By on June 14, 2019

Image: FCA

Large U.S. companies hoping to side-step the 25 percent tariff on Chinese goods by appealing to the government aren’t having much luck. Since July, the U.S. has imposed the tariff on billions of dollars worth of goods from the People’s Republic, leading to financial fallout for automakers heavily invested in the region.

And it seems no one complained more than General Motors. Tesla, Nissan, Fiat Chrysler, and Uber also sent in official gripes in the hopes of receiving an exemption, only to have the door hit them on the way out. (Read More…)

By on June 12, 2019

Uber Advanced Technologies unveiled the next generation of its self-driving SUV on Wednesday. Sticking with the Volvo XC90 as a platform, Uber stated that the latest prototypes should be capable of operating autonomously, adding that previous versions were not necessarily built with full autonomy in mind and required the presence of a safety driver behind the wheel.

While past versions of Uber’s test platform essentially retrofitted vehicles purchased from Volvo Cars, this new batch was co-developed with the automaker. Volvo said the project represents the “next step in the strategic collaboration between both companies.”

Volvo previously claimed that the cyclist killed by one of Uber’s autonomous test vehicles in 2018 might still be alive had the firm not tampered with the automatic emergency braking system all XC90s come equipped with. Uber’s latest SUVs utilize all of Volvo’s existing safety features, building on top of them with its own systems and creating as much redundancy as possible.  (Read More…)

By on May 21, 2019

As ride-hailing services utilize the personal vehicles of contractors, rather than a commercial fleet of their own, repairs and recalls have to be handled by individual drivers. While it shouldn’t be a revelation that some recalls fall through the cracks, Consumer Reports is concerned that the ratio of unaddressed safety issues are unbecoming of companies pushing multibillion-dollar IPOs.

“Uber and Lyft are letting down their customers and jeopardizing their trust,” suggested William Wallace, products policy manager for Consumer Reports. “Uber’s website says people can ‘ride with confidence,’ while Lyft promises ‘peace of mind,’ yet both companies fail to ensure that rideshare cars are free from safety defects that could put passengers at risk.”  (Read More…)

By on May 10, 2019

Ride-hailing company Uber approached its Thursday initial public offering with an abundance of caution, setting a lower-than-expected share price in a bid to avoid rival Lyft’s stock plunge.

When markets open Friday, Uber’s stock will be priced at $45, near the bottom of a previously stated range that topped out at $50. That puts Uber’s initial valuation at just over $82 billion. Amid controversy surrounding its business practices and growing uncertainty about the viability of huge ride-hailing firms, Uber hopes to raise $8.1 billion from its IPO. (Read More…)

By on May 8, 2019

Uber and Lyft drivers from the world over are going on strike today to protest the company’s working conditions and pay. However, the careful timing of the event also appears to be aimed at torpedoing the brand’s fast-approaching IPO.

While Uber exists as a corporate middle man between riders hunting for a vehicle and drivers seeking a fare, the company’s official position is that both are customers. As Uber sees it, it’s providing both with access to its platform and thereby offering a service. But many drivers disagree and claim the only way to make a living is to work ludicrously long hours, which they believe should at least entitle them to be called employees and warrant some benefits.  (Read More…)

By on April 2, 2019

Despite playing host to what everyone presumed would be a very hot property, Lyft’s IPO hasn’t panned out as expected. While the company’s Friday stock debut was strong, April 1st was less promising, with Lyft’s share price slipping by nearly 12 percent in a single day. It’s now well beneath the target price, casting doubts about the financial sustainability of mobility firms.

It’s a complicated issue. Lyft was valued at more than $22 billion when it went public last week, but investors are concerned with the company’s inability to turn a profit. Last year, the ride-hailing giant posted a net loss of nearly $1 billion. With Uber likely to announce its own IPO soon (and likely face similar headwinds), many are concerned.  (Read More…)

By on March 19, 2019

2017 Toyota Corolla LE - Image: Toyota

Annoyed by the lack of passenger data available from ride-hailing companies like Uber and Lyft, two researchers took matters into their own hands. Hoping to learn why people use ride-hailing apps to get around town, the authors of a study published in the Journal of Transport and Land Use joined forces, with one of the men volunteering to get behind the wheel of a 2015 Honda Civic on the mean streets of Denver, Colorado.

If Uber and Lyft wouldn’t share, maybe real, live passengers would. (Read More…)

By on November 16, 2018

Uber’s in a bit of trouble after quarterly losses surged to $1.1 billion dollars. The ride-hailing giant has watched its sales growth dwindle this year, despite an expensive attempt to promote its global expansion.

It’s not the kind of thing you want to see from a company at the forefront of “revolutionizing” the automotive sector, especially since so many automakers seem keen on copying aspects of its business model. (Read More…)

By on November 15, 2018

Ford badge emblem logo

These days, every automaker is in the midst of a metamorphosis, eager to emerge from their chrysalis as a “mobility company.” Even brands that don’t seem bent on completely revolutionizing their business model now use the term in reference to themselves.

Ford, which has positioned itself as a mobility company ever since Mark Fields was steering the ship, is among those pushing the narrative the strongest. Fields may have been fired for having a lofty, tech-focused vision that couldn’t charm investors, but much of it carried over to Jim Hackett’s tenure as CEO. Ford desperately wants to be seen as a cutting-edge nameplate.

However, the assumption among industry experts is that it’s lagging behind General Motors in terms of autonomous driving, electrification, and the ability to tap into alternative revenue streams. We sometimes wonder how accurate those assumptions are.  (Read More…)

By on November 5, 2018

uber volvo

Are two safety drivers better than one when it comes to the testing of self-driving cars? Uber Technologies feels it is, declaring as much to Pennsylvania’s road regulator. The company has filed an application with the state’s department of transportation to resume testing of autonomous Volvos, eight months after a fatal collision with a pedestrian on a darkened Arizona highway.

Uber stopped all autonomous testing in the wake of the March 18th collision, with the Arizona program dismantled for good. In Pittsburgh, the company hopes to show it learned from the safety lapses revealed in the accident investigation. These Volvos now have two fail-safes on board. Is it enough to restore the public’s trust? (Read More…)

By on October 24, 2018

We’ve been critical that self-driving systems are, ahem, “oversold” by automakers and tech firms hoping to boost their stock valuations. That doesn’t mean autonomous vehicles won’t happen, just that the timeline is probably a lot longer than the public has been led to believe. Still, it makes sense to pursue AVs. The first company to achieve legitimate self-driving will blow the hinges off a door leading to an array of new business opportunities.

General Motors, long considered a frontrunner in the autonomous race, is apparently in desperate need of a second wind. Its Cruise self-driving unit is said to be woefully behind in its attempt to bring an autonomous vehicle to the commercial market by 2019. Some GM staffers have confessed that the current system isn’t even capable of identifying whether objects are in motion or not — which seems like an important distinction for a computer-controlled automobile to be able to make.  (Read More…)

By on October 16, 2018

If reading about young brainiacs with God complexes and too much money living in Silicon Valley makes you ill, best not read this while eating. For everyone else, you’re encouraged to take a peek at this report in The New Yorker.

It’s a Marianas Trench-deep dive into what occured in the years leading up to last year’s filing of an intellectual property theft lawsuit by Google’s Waymo autonomous vehicle unit against ride-hailing company (and rival self-driving vehicle developer) Uber. The alleged theft is intriguing, but the behind-the-scenes accounts of what went on at Google’s pre-Waymo self-driving car effort is the stuff of HBO and Netflix. There’s crashes and mayhem, egos, genius, and money, money, money.

Absolutely no sex, of course.  (Read More…)

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