financetom
Business
financetom
/
Business
/
Waymo to start offering free driverless robotaxi services in Los Angeles
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Waymo to start offering free driverless robotaxi services in Los Angeles
Mar 13, 2024 10:28 AM

March 13 (Reuters) - Alphabet's Waymo said on

Wednesday it will begin offering free driverless robotaxi

services to select members of the public in Los Angeles starting

Thursday.

The company received approval from the California Public

Utilities Commission (CPUC) earlier this month to start its

ride-hailing program, Waymo One, in Los Angeles and some cities

near San Francisco.

Waymo's latest plans put it ahead of its General Motors ( GM )

-owned rival Cruise, which is currently facing scrutiny

after a driverless Cruise car dragged a pedestrian 20 feet after

an accident.

The company said services will be available across 63 square

miles from Santa Monica to downtown Los Angeles, adding that the

initial rides will be free.

"We'll permanently welcome riders into our service,

gradually onboarding the more than 50,000 people on our LA

waitlist and continuing to hand out temporary codes at local

events throughout the city," Waymo said in a blog post.

The company further added that it will expand its operations

in Los Angeles over time and transition to paid services in the

coming weeks.

Waymo started autonomous services for its employees in

Austin, Texas, making it the fourth autonomous ride-hailing city

after San Francisco, Phoenix and Los Angeles.

It plans to offer Waymo One to the broader public in Austin

later in the year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: UBS Asks Swiss Authorities to Clarify Capital Requirements
Market Chatter: UBS Asks Swiss Authorities to Clarify Capital Requirements
Jun 26, 2024
09:00 AM EDT, 06/26/2024 (MT Newswires) -- UBS (UBS) is asking the Swiss government for clarity on new capital requirements following its acquisition of Credit Suisse, Reuters reported Wednesday, citing unnamed sources. UBS investors are worried by signals from Swiss Financial Market Supervisory Authority Chief Executive Stefan Walter that he is considering tightening UBS capital requirements, Reuters reported. UBS wants...
Pillsbury Maker General Mills Annual Profit Outlook Disappoints, Stock Falls
Pillsbury Maker General Mills Annual Profit Outlook Disappoints, Stock Falls
Jun 26, 2024
General Mills, Inc ( GIS ) shares are trading lower after the company reported worse-than-expected fourth quarter FY24 revenue. The company reported a fourth quarter sales decline of 6.3% year-on-year to $4.71 billion, missing the analyst consensus estimate of $4.85 billion. The revenue decrease reflected unfavorable net price realization and mix and lower pound volume. Organic net sales decreased 6%...
BlackRock Partners With GeoWealth to Expand Private-Market Offerings for Wealthy Clients
BlackRock Partners With GeoWealth to Expand Private-Market Offerings for Wealthy Clients
Jun 26, 2024
09:03 AM EDT, 06/26/2024 (MT Newswires) -- BlackRock ( BLK ) said Tuesday it is partnering with financial technology firm GeoWealth to meet demand from wealthy clients for private markets, direct indexing and fixed income separately managed accounts. Financial terms of the partnership were not disclosed. Price: 793.00, Change: -1.39, Percent Change: -0.17 ...
Interactive Brokers says it lost $48 million due to NYSE glitch
Interactive Brokers says it lost $48 million due to NYSE glitch
Jun 26, 2024
(Reuters) - Brokerage firm Interactive Brokers ( IBKR ) said on Wednesday it had lost $48 million due to a glitch at the New York Stock Exchange earlier this month that triggered massive swings in the price of Berkshire Hathaway's stock. The brokerage said it had filed claims with the NYSE to compensate it for these losses, but the exchange...
Copyright 2023-2026 - www.financetom.com All Rights Reserved