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In review of fatal Arizona crash, U.S. agency says Uber software had flaws

Wednesday, November 6, 2019, 8:41 AM

An Uber self-driving test vehicle that struck and killed an-Arizona-woman in 2018 had software flaws, the National Transportation Safety Board said as it disclosed the company's autonomous test vehicles were involved in 37-crashes over the prior 18-months. In a report released ahead of the meeting, the NTSB said Uber Technologies Inc vehicle had failed to properly identify her as a pedestrian crossing a street.
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Uber's quarterly loss widens as costs rise; shares fall

Tuesday, November 5, 2019, 8:14 AM

Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. Nevertheless, the company promised it would be profitable by the end of 2021 as quarterly revenues, driven by its global ride-hailing business, beat expectations.
 
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Ola, Uber to deactivate surge pricing during odd-even scheme in Delhi

Saturday, November 2, 2019, 12:36 PM

Cab aggregators Ola and Uber have said that they will not resort to surge pricing during the 12-day odd-even road rationing scheme starting from November 4. In a statement issued on Saturday, Ola said it will extend its support to the Delhi government's initiative to curb pollution. The implementation of the odd-even scheme offers an opportunity to further unlock the potential of shared mobility.

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