Uber, Hyundai team up to develop electric air taxis

U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion. Global players like Germany’s Daimler, China’s Geely Automobile and Japan’s Toyota have all unveiled investments in startups that aim to deploy electric… Read More Uber, Hyundai team up to develop electric air taxis

Colombia orders Uber to cease ride-hailing operations over violation of competition rules

Colombia on Friday ordered Uber to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules. Following a lawsuit filed against Uber by COTECH SA, the Superintendency of Industry and Commerce (SIC) said the U.S. company had breached market rules. Uber has more than 2.3 million… Read More Colombia orders Uber to cease ride-hailing operations over violation of competition rules

Uber to acquire Chilean grocery provider Cornershop in venture to expand food delivery services

Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and other goods. The deal for an undisclosed sum, which follows Uber’s disappointing IPO in May, would see it expand Santiago-based… Read More Uber to acquire Chilean grocery provider Cornershop in venture to expand food delivery services

Colombia issues Uber over $629,000 fine for obstruction of regulatory visit

Colombia’s commerce regulator said on Monday it would fine ride-hailing company Uber Technologies Inc more than $629,000 for obstructing a regulatory visit in 2017. Uber has repeatedly drawn the ire of authorities in Colombia, where use of the service is widespread but illegal. The country has not specifically regulated transport services like Uber, but has… Read More Colombia issues Uber over $629,000 fine for obstruction of regulatory visit

Australian taxi drivers file lawsuit against Uber for alleged illegal operations

A law firm filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world’s largest ride-hailing company of operating illegally and harming them financially. The lawsuit, filed on Friday at the Victoria Supreme Court by law firm Maurice Blackburn, was brought on behalf of… Read More Australian taxi drivers file lawsuit against Uber for alleged illegal operations

Uber introduces new safety features following murder of college student

Uber Technologies Inc said it was rolling out new safety features to help riders avoid fake rideshare drivers, two weeks after the murder of a college student who got into her killer’s car mistakenly believing it was her ride. The features include steps to identify the right car and a push notification to remind riders… Read More Uber introduces new safety features following murder of college student

Uber acquires Middle East rival Careem in $3.1billion deal

Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full… Read More Uber acquires Middle East rival Careem in $3.1billion deal