Uber has partnered with Hertz's new subsidiary, Oro Mobility, to scale its autonomous robotaxi and driver-led rideshare programs. Oro Mobility will manage fleet operations including charging, maintenance, and staffing for Uber's autonomous vehicles, starting in the San Francisco Bay Area by the end of 2026, with plans to expand in 2027. For driver-led services, Oro will provide vehicles and drivers, building on pilot programs in Atlanta, Los Angeles, and San Francisco, now extending to Northern New Jersey. This collaboration supports Uber's transition to a mixed network of autonomous and driver-operated rideshares, enhancing service quality and operational efficiency.
Uber is planning to improve its takeover bid for German food delivery company Delivery Hero after its initial offer of €33 per share was rejected by a major shareholder. Delivery Hero's shares rose over 10% following the news, reflecting investor opt...
Uber's board met to discuss increasing its takeover bid for Delivery Hero after a key shareholder rejected an offer of €38 per share, which was a 15.3% premium over the recent closing price. Uber initially proposed €33 per share, valuing Delivery Her...
Uber Technologies Inc. has made a full takeover offer for Delivery Hero at €33 per share, slightly below Delivery Hero's recent closing price. Prior to the offer, Uber increased its stake in Delivery Hero from about 7% to 19.5%, becoming the largest ...
Uber reported a 21% year-over-year increase in gross bookings to $53.7 billion and a 44% rise in non-GAAP EPS to $0.72 in Q1, reflecting strong operational performance. Despite a nearly 10% decline in its stock year-to-date, Uber's strategic partners...
