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5 new Uber features you should know — including a way to avoid surge pricing

Automotive / By

Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on its platform, prepaid ride passes and special deals week for UberOne members at its annual Go-Get showcase. Uber’s new features come as the company accelerates its leadership position in the […]

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Chinese startup Pony.ai reports first robotaxi fire, no injuries

Automotive / By

BEIJING — One of Pony.ai‘s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC. The company did not disclose the reason behind the fire. Videos purporting to show the incident in Beijing had circulated on social media. CNBC could not independently verify

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Hertz shares plummet after company's disappointing first-quarter results, $250 million stock offering

Automotive / By

DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering. Hertz shares were off more than 20% during early morning trading before leveling to be off about 15% to 18% toward the end of the company’s Tuesday morning quarterly earnings

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GM unveils new 'groundbreaking' EV battery tech, aims to be first to market

Automotive / By

WARREN, Mich. — General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability of its largest electric SUVs and trucks. GM is targeting the new batteries and chemistry inside them — called lithium manganese-rich (LMR) prismatic battery cells — to be used in full-size

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Honda Motor reports 76% plunge in operating profit in huge earnings miss

Automotive / By

Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion yen ($47.26 billion) vs. 5.36 trillion yen Operating profit: 73.5 billion yen vs. 275.52 billion yen Honda’s fourth

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GM hires ex-Tesla, Aurora exec as chief product officer

Automotive / By

DETROIT — General Motors has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer. In the newly created position, Anderson will oversee the “end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user experience,” GM said Monday. Anderson, who

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Carvana's record quarterly results top Wall Street expectations

Automotive / By

DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie Garcia loosely addressed potential impacts of tariffs on the business, saying the company experienced “little gyrations” of demand that have since

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Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Automotive / By

DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due to auto tariffs. Cox Automotive’s Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased

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