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Uber Signs Deal With German Automaker Daimler AG

Uber Technologies Inc. has partnered with Germany’s Daimler AG, the maker of Mercedes-Benz vehicles and the first automaker to sign a deal with Uber, in its attempt to build a fleet of autonomous vehicles. Although Uber has devoted many resources to developing autonomous vehicles, deals with auto makers are “crucial” to the company because it has no experience in manufacturing. This...

Honolulu Regulates Ride-Sharing

A new law in Honolulu will require taxi drivers and drivers for ride-sharing services such as Uber and Lyft to obtain a certificate, hold a Hawaii driver’s license, and pass background checks in order to operate. The City Council passed the bill earlier this month, and the mayor recently returned it without a signature, which allowed the bill to become law. The new regulations will...

Deloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”

Deloitte has released a white paper analyzing trends and potential future changes in auto insurance. Two key trends addressed are the rise of autonomous vehicles and the shift from individual vehicle ownership toward the sharing economy. Members of Deloitte’s actuarial practice modeled how these trends might affect auto insurance. Deloitte projects that total auto insurance premiums...

Major Companies Invest In Ride-Hailing Companies

Two major car manufacturers have recently invested in ride-hailing companies, signaling their interest in and commitment to the mobility services market. Volkswagen AG is investing $300 million into Gett Inc., and Toyota Motor Corp. is investing in Uber Technologies Inc. Toyota’s partnership with Uber contemplates a new leasing model (allowing customers to cover lease payments for...

Uber Testing Autonomous Vehicles in Pittsburgh

Uber is testing a driverless Ford Fusion hybrid on streets in Pittsburgh. While a driver sits behind the wheel, the vehicle drives itself using radars, laser scanner, and high resolution cameras.

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