Darden Restaurants, Inc. (DRI) reported first-quarter earnings that fell short of analyst expectations, but the company reaffirmed its full-year outlook and announced a new delivery partnership with Uber. This news, combined with the company’s share buyback program, sent DRI stock soaring over 7% in early trading.
A recent incident in Bengaluru involving an Uber driver snatching a woman’s phone and grabbing her hand after a dispute over online payment has sparked outrage. The driver refused to accept payment through Uber Money and demanded cash, leading to a heated argument and police involvement.
Uber is piloting its ride-hailing services in Tokyo using a car-sharing model, marking a significant step towards transforming Japan’s transportation landscape. This trial, leveraging partnerships with local entities, could pave the way for more flexible and accessible mobility solutions in a country known for its stringent regulations.
Uber CEO Dara Khosrowshahi reaffirmed the company’s commitment to the South Korean market, aiming to attract more taxi drivers to fuel growth and compete with local leader Kakao. Uber’s re-entry into the market follows its 2013 withdrawal due to regulations. The company has formed a joint venture with SK Group and is now actively expanding its presence in the region.
Uber executives, including CEO Dara Khosrowshahi, visited BYD’s headquarters in China to discuss their partnership on deploying 100,000 BYD vehicles for Uber’s fleets globally. This collaboration aims to promote electric vehicle adoption in the ride-hailing industry, with a focus on Europe, Latin America, and eventually expanding to other regions.
Uber and General Motors’ Cruise have announced a multi-year partnership to integrate Cruise’s autonomous vehicles into the Uber platform. The collaboration aims to launch next year with Chevy Bolt-based autonomous vehicles, offering riders the option to choose self-driving rides. Both companies see the partnership as a significant step towards making autonomous technology accessible and safe for consumers worldwide.
Uber has hired Rebecca Tinucci, a former Tesla executive, to spearhead its transition to electric vehicles. Tinucci will oversee the ride-hailing platform’s shift towards a zero-emissions future, aiming to achieve complete sustainability by 2040. This strategic move showcases Uber’s commitment to environmental responsibility and aligns with its broader sustainability goals.
Taxi drivers in Kenya are pushing back against low fares set by ride-hailing companies Uber and Bolt, forcing them to negotiate higher rates with passengers. This clash highlights the challenges of balancing driver needs with customer expectations in a developing market.
An Uber driver in Delhi kicked out two passengers, a Pakistani man and his female friend, after they allegedly made anti-India remarks. The incident, captured on video, sparked debate online, with some praising the driver and others criticizing his actions.
A viral video has emerged, showcasing an altercation between a woman passenger and an Uber driver after their vehicle broke down during their journey. The woman allegedly became enraged when the driver requested payment for the distance covered before the breakdown, leading to an outburst of insults and humiliation. The incident has drawn widespread attention on social media, with users expressing support for the driver and calling on Uber to take action against the passenger.
