Latest Driverless cars News

Fiat Chrysler-PSA deal likely to bring fewer brands, models

Oct. 31, 2019 5:53 PM EDT

MILAN (AP) — Automobile shoppers across the globe are likely to see fewer vehicles and brands if the merger of Fiat Chrysler and France's PSA goes through, but the new company will be big enough to compete in a fast-changing business that requires vast sums of money to develop autonomous and electric...

Uber shareholder asks Delaware court to revive lawsuit

Oct. 30, 2019 3:42 PM EDT

DOVER, Del. (AP) — Attorneys for an Uber shareholder are asking Delaware's Supreme Court to overturn a judge's dismissal of a lawsuit against the ride-hailing company and its former CEO. A three-judge panel heard arguments Wednesday regarding the judge's April ruling that the suit must be dismissed because...

Uber lays off 350 employees in Eats, autonomous vehicles

Oct. 14, 2019 2:35 PM EDT

NEW YORK (AP) — Uber is laying off 350 employees from its food delivery, autonomous vehicles, safety, insurance and other teams. The move is the latest in a string of staff reductions at the ride-hailing giant since its ill-fated initial public offering. CEO Dara Khosrowshahi said in an email to employees...

Israel's central bank gives go-ahead to new digital bank

Sep. 24, 2019 9:06 AM EDT

JERUSALEM (AP) — Israel's central bank says it has granted a pair of high-profile entrepreneurs a license to open the country's first all-digital bank. The first new bank to be established in Israel in 40 years, it is the brainchild of tech executives Marius Nacht, who co-founded Check Point Software...