FastMarket.news

Uber and WeRide Continue Autonomous Partnership Without Broader Expansion

Published 1 hours agoUBER
Uber and WeRide Continue Autonomous Partnership Without Broader Expansion

Uber and WeRide have not expanded their autonomous vehicle partnership to 15 new cities as of May 2025. The collaboration between the ride-hailing giant and the autonomous driving company currently remains focused on their operations in the United Arab Emirates. This strategic move was initially announced in September 2024, marking a significant entry for WeRide's autonomous vehicles on the Uber platform outside the United States.


The partnership officially launched in December 2024 in Abu Dhabi, introducing driverless cars to Uber’s services in the region. This made significant waves as it was the first time Uber utilized autonomous cars abroad. However, despite the success in Abu Dhabi, there have been no further official statements regarding expansion into additional cities, according to reports from Uber's investor relations site.


Meanwhile, Uber Technologies Inc.'s stock is experiencing a slight gain. As of the latest market data, Uber's share price is at 85.43 USD, reflecting an increase of 1.14 USD or a 0.01% change from its prior closing value. The stock opened at 83.3 USD and recorded intraday movements between 82.87 USD and a high of 86.56 USD as of May 5, 2025.

Share this article

Recent Articles

Mattel Adjusts Strategy Amid Rising Tariff Costs

Mattel Adjusts Strategy Amid Rising Tariff Costs

4 minutes agoMAT

Mattel Inc., known for its iconic Barbie and Hot Wheels brands, has announced a shift in its pricing and production strategies due to heightened tariffs. The company plans to raise prices on select U.S. products in response to a 145% tariff imposed on most Chinese goods by U.S. President Donald Trump. This measure is aimed at counterbalancing the increased costs associated with these tariffs, as reported by the Associated Press. In addition to price hikes, Mattel is speeding up its plans to reduce reliance on Chinese manufacturing. By the year's end, the company expects to operate only one factory in China, significantly down from four. This move is part of a broader diversification strategy to mitigate risks associated with trade tensions. The Financial Times noted that the unpredictability of these trade policies has led Mattel to suspend its annual earnings forecast, reflecting the challenges of projecting U.S. sales and consumer spending. In the first quarter that ended on March 31, Mattel saw a 2% increase in sales, reaching $827 million, but recorded a net loss of $40.3 million compared to a $28.3 million loss in the previous year's similar period. Following the strategic announcements, Mattel's stock experienced nearly a 3% drop in after-market trading, indicating investor concerns over the uncertainties ahead.

Williams Companies CEO Alan Armstrong Set to Retire in 2025

Williams Companies CEO Alan Armstrong Set to Retire in 2025

19 minutes agoWMB

Williams Companies has announced that its Chief Executive Officer, Alan Armstrong, will step down on July 1, 2025, after more than 14 years in the role. Armstrong, who has been with the company for nearly four decades, will be succeeded by Chad Zamarin, the current Executive Vice President of Corporate Strategic Development. Zamarin has been part of the Williams team since 2017, bringing a wealth of experience to his new role. In terms of financial performance, Williams reported robust first-quarter results, with revenue climbing nearly 10% year-over-year to reach $3.05 billion. Additionally, service revenues saw an increase, hitting $2 billion compared to $1.91 billion in the same period last year. The company has subsequently raised its 2025 adjusted core profit forecast, setting it between $7.5 billion and $7.9 billion. This comes as the company benefits from rising demand for natural gas, which is partly driven by sectors such as electricity consumption and crypto-mining. Reuters noted these advancements in the company’s strategic directions and financial standings. Beyond its financial outlook, Williams has successfully navigated recent regulatory challenges by securing the reinstatement of a regulatory certificate for its Transco expansion project. This resolution comes after an earlier court decision had voided the project's initial approval. Additionally, the company’s stock is currently priced at $60.17, maintaining a stable position with little change, indicating steady investor confidence amid these strategic shifts.

Apple Challenges Ruling in Epic Games App Store Dispute

Apple Challenges Ruling in Epic Games App Store Dispute

34 minutes agoAAPL

Apple has taken action to appeal against a recent U.S. District Court decision that found the tech giant in contempt for noncompliance with an existing injunction concerning its App Store policies. Judge Yvonne Gonzalez Rogers ruled on April 30, 2025, that Apple continued to impose an unauthorized 27% fee on external purchases and deterred consumers from using third-party payment options through "scare screens," Reuters reported. The contempt ruling also saw Judge Rogers refer Apple and its finance executive, Alex Roman, to federal prosecutors for possible criminal contempt proceedings. This move signifies heightened legal repercussions for Apple, which insists on appealing to the 9th U.S. Circuit Court of Appeals; however, the company has not released the specific legal arguments underpinning their appeal. This legal setback has sparked further complications for Apple, as app developer Pure Sweat Basketball has launched a class-action lawsuit, claiming the company's App Store actions resulted in inflated commissions. They are seeking damages estimated to possibly reach hundreds of millions to billions of dollars. Meanwhile, Epic Games, the original plaintiff in the antitrust case, celebrated the ruling as a win for developers, with CEO Tim Sweeney announcing Fortnite's impending return to the U.S. App Store as early as next week.

Uber and WeRide Continue Autonomous Partnership Without Broader Expansion

Uber and WeRide Continue Autonomous Partnership Without Broader Expansion

1 hours agoUBER

Uber and WeRide have not expanded their autonomous vehicle partnership to 15 new cities as of May 2025. The collaboration between the ride-hailing giant and the autonomous driving company currently remains focused on their operations in the United Arab Emirates. This strategic move was initially announced in September 2024, marking a significant entry for WeRide's autonomous vehicles on the Uber platform outside the United States. The partnership officially launched in December 2024 in Abu Dhabi, introducing driverless cars to Uber’s services in the region. This made significant waves as it was the first time Uber utilized autonomous cars abroad. However, despite the success in Abu Dhabi, there have been no further official statements regarding expansion into additional cities, according to reports from Uber's investor relations site. Meanwhile, Uber Technologies Inc.'s stock is experiencing a slight gain. As of the latest market data, Uber's share price is at 85.43 USD, reflecting an increase of 1.14 USD or a 0.01% change from its prior closing value. The stock opened at 83.3 USD and recorded intraday movements between 82.87 USD and a high of 86.56 USD as of May 5, 2025.