For autonomous vehicles (AVs), the road ahead stretches out a bit farther. On Thursday (Jan. 4), Mobileye, which makes self-driving technology — spanning cameras and chips and systems — posted preliminary results for the third quarter. The results pointed to what the company called “excess...
Mobility technology firm Continental and self-driving technology company Aurora Innovation have finalized the design of a scalable autonomous trucking system and plan to start production in 2027. Finalizing the design and architecture of the future fallback system and hardware of the Aurora Driver autonomous driving...
While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura recently downgraded both Uber and Lyft, Seeking Alpha reported Friday (Dec. 29). Uber, the dominant player in the ridesharing industry,...
If you’re thinking about traveling in 2024, PYMNTS’ Provider Rankings of Travel Apps could help. Using metrics such as average users, the number of downloads and more, PYMNTS determines the most popular apps in the travel industry each month. Whether you’re planning a trip across...
Hyperloop One, a transportation company that aimed to revolutionize transit with its high-speed tube-encased lines, is reportedly shutting down. The company is selling off its assets and laying off its remaining employees at the end of the year, Bloomberg reported Thursday (Dec. 21). This news comes...
The automotive industry in the United States is reportedly set to experience a slight increase in new car sales in 2024. Industry analysts’ projections indicate a year-over-year growth rate ranging from 1% to 4%, with an estimated 15.6 million to 16.1 million vehicles expected to...
Business travel has been coming back since the pandemic was over. More and more executives are visiting clients, prospect clients or colleagues worldwide. But if there is one thing that executives like more than traveling, it is getting reimbursed for the expenses incurred on these...
Online food delivery marketplace Just Eat Takeaway.com is testing in-car applications that will let drivers use their car screen to place orders. The Amsterdam-based firm is collaborating with an unnamed car manufacturer and expects to launch the service in Europe in the first half of 2024, Bloomberg reported Wednesday...
Bird, the once high-flying electric scooter startup, has filed for bankruptcy. The Miami-based company announced its Chapter 11 filing two years after going public, one year after warning bankruptcy could be on the horizon and three months after being delisted from the New York Stock...