Uber Technologies Inc. outlined its strategy for growth and new business opportunities during its first investor day as a public company, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Uber on Thursday said it expects $5 billion of adjusted earnings by fiscal 2024, signaling that the ride-hailing giant’s
0 Comments
Mercedes-Benz introduced the A-Class sedan in the U.S. in 2019, hoping to lure millennial buyers to the more than century-old brand with a $30,000 entry-level model. It was supposed to be a key gateway to the brand for younger buyers. The A-Class “will do really, really well … for us,” then Mercedes-Benz USA CEO Dietmar
0 Comments
10:20 AM ET Sebastian Vettel has defended FIA race director Michael Masi and said the Australian deserves to keep his job despite botching the finish of last year’s title-deciding Abu Dhabi Grand Prix. Masi implemented the rules incorrectly to force a one-lap sprint race in Abu Dhabi, which helped Max Verstappen overtake Lewis Hamilton to
0 Comments
2:48 PM ET Associated Press The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in sports. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will
0 Comments
In this article TSLA Transportation Secretary Pete Buttigieg on Wednesday recognized Tesla as a pioneer of electric vehicle manufacturing in the U.S. “We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America,” Buttigieg said in an interview on CNBC’s “Squawk Box.”  “Now it’s
0 Comments
BERLIN — Production at Tesla’s German factory will not start until mid-March at the earliest, local broadcaster RBB reported. Authorities are currently still reviewing the factory’s safety precautions, RBB reported, without citing any sources. A spokesperson for the state environment ministry said “we do not specify a concrete date,” but “we are in the final
0 Comments