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...The lossmaking Silicon Valley group, which has relied on heavily subsidised rides to shake up the taxi industry worldwide, said it generated free cash flow of $382mn in the three months to the end of June...
...DHybrid Inc also sold fuel systems to Florida rubbish collector Waste Pro and Pennsylvania trucking company Birkmire Transportation Solutions....
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
...Developing the idea outside of Uber’s San Francisco headquarters and far from the Silicon Valley spotlight could help to keep it secret as Uber irons out any early kinks....
...AI and Torc Robotics, which want to aid long-haul trucking groups....
...Once the sheep were gone, and with them 600km of fencing, herds of guanaco – related to the llama – returned to the valley....
...Silicon Valley Bank, a high-flying specialist in lending to tech companies and start-ups, last week reported third-quarter results that any other small American bank would envy....
...If that proves to be the case it will turn a shortage into a glut and leave Silicon Valley and Washington grappling with the social costs and benefits....
...marketplace for other transportation providers, just like Amazon is a marketplace for third-party merchants today, and highlighted the variety of Uber's existing businesses, which range from food delivery to trucking...
...But in the decade since the iPhone, Silicon Valley start-ups have often avoided building their own infrastructure....
...If Mr Musk succeeds in selling all those to his wealthy fans in Silicon Valley and beyond, it will give Tesla’s finances an instant $250m boost. Reserving a truck costs $5,000....
...Uber, the car-booking service, last year spent $680m to buy Otto, an autonomous trucking start-up. (This acquisition later became part of the alleged trade secrets theft lawsuit.)...
...Stefan Heck, chief executive of Nauto, a Silicon Valley self-driving technology start-up, which Toyota, BMW and GM have invested in and partnered with for data gathering, said: “No one automaker can get...
...At a demonstration at a warehouse on San Francisco’s Embarcadero this week, specially equipped Teslas and BMWs drove around models of children, adults in dark clothing and even a small herd of deer to attest...
...A thorny lawsuit over trade secret theft, which was filed in February, raised questions over Mr Kalanick’s judgment in buying Otto, an autonomous trucking start-up, and appointing its founder Anthony Levandowski...
...The current enthusiasm in Silicon Valley for start-ups linked to self-driving car technology is being called a new California gold rush. But the flood of investment feels more like 1999 than 1849....
...“There are definitely more people thinking about leaving,” says Alex Rodrigues, who co-founded Embark, a rival driverless trucking start-up, last year....
...Google has now driven more than 2m miles, giving rides to more than 10,000 people in Silicon Valley’s Mountain View, Austin and Phoenix, Arizona....
...As Uber has grown — it is Silicon Valley’s most valuable private company, with a recent valuation of $68.5bn from investors — it has also become more acquisitive....
...Google’s cars have now driven more than 2m miles, transporting more than 10,000 people in Mountain View in Silicon Valley, Austin and Phoenix, Arizona....
...Otto’s backers received a stake in Uber worth about $680m as well as a guarantee of 20 per cent of future profits from any trucking business....
...News of a second major shake-up in the area broke earlier this month, when Deer Valley announced that it was buying Solitude....
...The assembled bankers, media executives and celebrities discussed the challenges facing the US media industry between turns down the languorous pistes that run through the Deer Valley resort....
...Typically, these acquisitions are in less technologically advanced industries such as trucking or mail sorting, where there are opportunities for extensive operational and technological improvements....
...Named for a private community in Deer Valley Utah where the Romneys have a winter home, the investment firm was incorporated at the same Boston address as Mr Romney’s 2008 campaign headquarters after he...
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