Industry

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 […]

Lyft Inc. reported fewer riders than expected in the fourth quarter as omicron damped travel, sending the shares down about 7 percent in extended trading. But the riders that did hop in a Lyft generated higher revenue, due to a shortage of drivers and trips that were longer and had higher fares. “We have great

COVID-19 dealt the nascent micromobility movement a stunning blow just as the industry was accelerating. In 2019, McKinsey & Co. consultants predicted that micromobility would be a $300 billion to $500 billion market by 2030. The number of journeys made on e-scooters in the U.S., for instance, had more than doubled to 86 million in

WASHINGTON — The safety benefits of deploying more autonomous vehicles on U.S. roads must be weighed against their potential risks, a U.S. House panel said last week. While AVs have the potential to curb the “startling rise” in U.S. traffic deaths, “we must ensure that these technologies are held to the highest possible safety standards,”

Here are some of the technologies that are extending the life of the internal combustion engine by making it more efficient.Displacement on demand: Shuts down unneeded cylinders once a vehicle reaches highway speeds. Variable compression ratio: Enables an engine to run more efficiently based on speed and load. Nissan is the only manufacturer to offer

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

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

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

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

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