Ride-sharing firm Uber has announced it is buying Dubai-based rival Careem for $3.1bn (£2.3bn). Careem was established in 2012, and operates in 15 countries across the Middle East, Africa and Asia. The firm will continue to operate under its own brand as a subsidiary of Uber. “This is an important moment for Uber as we…
BMW and Daimler are putting more than $1 billion into a joint venture that will develop ride-sharing, charging and parking services. The rival German carmakers announced the investment in Berlin, describing their mobility business as a “global game changer” that could help fend off challenges from upstarts including Uber. “Our mobility services have developed a…
Uber recently announced a new way for riders and drivers to communicate through the company’s app using voice over internet protocol, or VoIP. Much like Skype or FaceTime audio, Uber’s new VoIP feature uses an internet connection rather than cellular phone service to make calls. The ride-hailing company has been trialing the VoIP feature since…
BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. BMW has become one of the first foreign companies to be granted a ride-hailing operating license in China. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan…
