Uber’s food delivery business outshines core rides service

NEW YORK (AP) — Uber’s food delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck.

The San Francisco-based ride-hailing company lost $1.09 billion in the three months that ended Sept. 30 as many customers were still staying out of shared vehicles.

“Without question, the (pandemic’s) impact on the world has been one of the most significant impacts of our lifetimes, and we moved quickly as a company to respond,” said Dara Khosrowshahi, CEO of Uber, in a conference call with investors Thursday.


Uber brought in $3.13 billion in revenue, down 18% from the same time last year. Its mobility business, which includes ride-hailing, scooters and bikes, accounted for $1.37 billion of that, down 53% from the same time last year. Despite the decline,

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Volvo outshines all others in 2020 J.D. Power tech study

Swedish automotive brand Volvo Cars has been bestowed with the highest overall rank in a recent major technology study.

Based on the J.D. Power 2020 U.S. Tech Experience Index (TXI) Study SM, Volvo received the highest Innovation Index score among all competitors (617 out of 1,000). According to the study, drivers appreciated the Oncoming Lane Mitigation (known as Automatic Emergency Steering in the study) Cross Traffic Alert with auto brake (Front and Rear Cross Traffic Alert and Rear Automatic Braking), and Pilot Assist (Active Driving Assistance), among other technological features fitted in today’s Volvo vehicles—a testament to the Swedish luxury brand’s focus on safety.

volvo
volvo

Volvo Car USA Senior Vice President Americas President and CEO Anders Gustafsson noted Volvo’s commitment to producing safer cars.

“At Volvo we believe in applying technology with purpose, not just for the sake of it,” Gustaffson said. “We have always been about safety.

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