Industry

Uber’s optimistic forecast met with tepid Wall Street response after Q4 profits surge

Uber Technologies Inc. outlined its strategy for growth and new business opportunities during its first investor day as a public company, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Uber on Thursday said it expects $5 billion of adjusted earnings by fiscal 2024, signaling that the ride-hailing giant’s […]

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Four ways technology is changing how people and vehicles interact

Not only are the ways vehicles are powered and driven changing rapidly, but how drivers and passengers interact with them is certain to change in the coming years. From technology that can monitor the health of drivers and passengers to augmented reality displays, automakers, suppliers and tech companies have signaled that the car of the

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Why Ford left the Ford name out of company formed for Detroit train station project

DETROIT — Ford Motor Co. is creating a new subsidiary to market and manage its mobility tech hub in downtown Detroit to make the innovation district Ford “agnostic,” a company executive told Crain’s Detroit Business, an affilaite of Automotive News. Ford has formed Michigan Central Innovation District LLC, which will manage how the Ford-owned Michigan

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Ford to be joined by Google in Detroit redevelopment project ‘ecosystem’

DETROIT — Google is latching onto the mobility tech hub Ford Motor Co. is developing at Detroit’s long-abandoned train station in Corktown. The tech giant and the automaker are set to announce Friday that Google will provide its cloud-based technological services at Michigan Central, the new name for Ford’s mobility innovation campus centered on the

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Sudden executive departures seen as ‘red flag’ at EV maker Electric Last Mile Solutions

The abrupt resignation of the two top executives at Electric Last Mile Solutions Inc. could spell “dark days” ahead for the newly public Troy-based electric vehicle company. CEO James Taylor and Chairman Jason Luo, each co-founders of the electric commercial vehicles maker, stepped down after the company’s board determined they bought company equity without obtaining

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Toyota showcases test car that autonomously drifts

Toyota Motor Corp. said its researchers have programmed a vehicle to autonomously drift around obstacles on a closed track, a first that the automaker said provides a preview into how self-driving systems can complement human driving in hazardous conditions.The Toyota Research Institute on Wednesday released a video that showcases the technology, which was outfitted on

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