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...That does not, however, resolve the question of whether it is just a big taxi company. Yes, it generates cash. But its returns are still below that of traditional transport companies....
...We look forward to giving every taxi driver in the world access to Uber trips while continuing to earn the trust of our taxi partners globally.”...
...E-bikes are even making the self-preserving leap to status symbol, with Lamborghini and Maserati producing fancy models, and Porsche developing bike motors, batteries and software....
...The Swiss dermatology giant raised SFr2bn ($2.2bn) in the biggest European float since Porsche’s debut two years ago....
...I have had my eyes on the company ever since it scored one of the biggest early-stage investments of 2022, according to CBInsights, which tracks venture capital. 1Komma5 raised $218mn from Porsche’s venture...
...They include national football team goalkeeper Alireza Beiranvand and taxi driver turned celebrity Sadegh “the hornblower”, who shot to fame in December with his viral dance moves at a local fish market....
...Combining the two, we can ask: should this fast-growing, moderately profitable taxi company buy back its own shares? Is that a good use of capital?...
...Vietnamese EV maker VinFast’s factory with the company’s CEO, Pham Nhat Vuong, who is pushing into Indonesia — south-east Asia’s most populous country and biggest economy — with manufacturing, ride-hailing and taxis...
...“It’s a win-win cooperation,” said Owen Chen, an analyst with S&P Global Mobility, “Xpeng can enter the B2B market by selling cars to Didi… while Didi can also employ more smart taxis developed by other...
...Her contacts with the head of Porsche helped land Citi a top slot on the sports car company’s IPO, one of the biggest deals of last year....
...About 4,000 taxis are now available for hire through Uber’s app in Spain....
...“fully driverless” robotaxis in cities including Beijing and Wuhan, but Chinese officials still largely require human drivers to remotely monitor every ride, undermining the economics of a self-driving taxi...
...Services you buy while working in the office, like tailoring and taxis, have been substituted for goods you buy while working at home, like electronics....
...Last week Uber won a case at the UK high court over how VAT is applied by private cab operators and taxi-hailing firms in the UK outside London....
...The sprawling German group, which other than its eponymous VW brand includes companies such as Porsche and Audi, was one of the first western companies to enter the Chinese market in the late 1970s....
...The company has made $5.1bn in equity investments in companies like self-driving developer Aurora and electric air-taxi company Joby. This can result in net income fluctuations....
...It dismays auteurs from the golden (or imagined golden) days of film: Martin Scorsese, director of Taxi Driver and Goodfellas has called it “brutal and inhospitable to art.”...
...For Uber, trampling on regulations and antagonising the taxi-drivers it wanted to replace was a feature, not a bug....
...According to our math, robotaxis should cost far less than private cars, given much better utilization (in the US, taxis do 6x as many miles per year vs a private car)....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...The aggressive push involved it flouting taxi regulations in many countries and, to critics, made Uber a byword for Silicon Valley arrogance in the cheap-money decade between the financial crisis and the...
...The telephone can still be used to order a local taxi . . ....
...In a city that has been waiting years for its delayed metro system to be finished, has no other public transport and a dearth of taxis, unreliable ride hailing services compound the problem....
...Since its founding in 1998, Kreos has lent more than €5.2bn to fast-growing start-ups in areas across tech and healthcare including food delivery company Delivery Hero and Israeli taxi-hailing app Gett.The...
...Last September brought the partial listing of Porsche, from VW, at a $72bn valuation....
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