Boeing’s flying car lifts off in race to revolutionize urban travel
SEATTLE (Reuters) – Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s…
Tesla urges tariff exemption for Chinese-made car computer ‘brain’
WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August,…
Hertz Global to pay $16 million fine to settle accounting case: SEC
FILE PHOTO: A Hertz logo is pictured on a sign at Orlando International Airport in Orlando, Florida, U.S., May 6, 2016. REUTERS/Carlo Allegri WASHINGTON (Reuters) – Hertz Global Holdings has…
Uber makes confidential filing for long-awaited IPO
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to…
Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources
(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO) George Kurtz, CEO and co-founder of CrowdStrike, speaks at the…
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
BRUSSELS (Reuters) – German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit…
Uber’s strongest growth comes in depressed Argentina — minus commissions
BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation’s sudden economic unraveling, which has boosted unemployment…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other…
Uber battles to keep London license in court appeal
LONDON (Reuters) – Uber goes to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in…