|Bid||6,953.00 x 0|
|Ask||6,959.00 x 0|
|Day's Range||6,920.00 - 7,000.00|
|52 Week Range||6,045.00 - 7,686.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8.36|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8,332.90|
Businesses inside and outside the multibillion-dollar marijuana industry are embracing the once-counterculture four-twenty holiday. Lyft and Carl's Jr. are among the businesses using April 20 to roll out marketing and social media messaging aimed at cannabis consumers. WASHINGTON (AP) -- U.S. home construction slipped 0.3% in March, as housing starts are running below last year's pace in a sign that inventory could be a challenge for would-be buyers.
The deal announced on Thursday fills in a piece of Uber’s valuation puzzle as it prepares to pitch investors on its listing, expected early next month. The company was aiming to raise as much as $10bn at a valuation up to $100bn, according to people familiar with the matter.
Uber's Advanced Technologies Group, which is responsible for the development and commercialization of autonomous vehicles, received $1 billion in funding from a trio of Japanese companies.
The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry, yet ARK’s research shows that the Model 3 could be the better deal over a three-year period. According to KBB, over a three-year period the Tesla (TSLA) Model 3 is likely to retain 69.3% of its original sales price, 20+ percentage points or 37% more than the Toyota (JP:7203)(TM) Camry, which will retain 48.6%.
Uber has confirmed it will spin out its self-driving car business after theunit closed $1 billion in funding from Toyota, auto-parts maker Denso andSoftBank's Vision Fund
TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.
As Uber finally closes in on its IPO , its self-driving car unit is getting a big cash infusion and some independence. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a deal that values that part of the company at $7.25 billion. This adds onto Toyota's $500 million investment last year , which the two said would lead to the creation of an autonomous fleet based on Toyota's Sienna minivan. So far, many of the big car companies are teaming up to develop autonomous tech combined with ridesharing angles as it's expected to be a huge market in the next few years. According to Uber CEO Dara Khosrowshahi, "The development of automated driving technology will transform transportation as we know it, making our streets safer and our cities more livable. Today's announcement, along with our ongoing OEM and supplier relationships, will help maintain Uber's position at the forefront of that transformation." In the statement Toyota EVP Shigeki Tomoyama said "Leveraging the strengths of Uber ATG's autonomous vehicle technology and service network and the Toyota Group's vehicle control system technology, mass-production capability, and advanced safety support systems, such as Toyota Guardian™, will enable us to commercialize safer, lower cost automated ridesharing vehicles and services." The deal won't close until Q3, which should be well after Uber's initial public offering that's on track to occur in May. It's also being announced after Arizona prosecutors announced they did not find the company criminally liable for a 2018 self-driving car crash that killed a pedestrian. The deal makes Uber ATG its own corporate entity that's controlled by Uber. Reuters reports that it has ATG head Eric Meyhofer as CEO reporting to a newly-formed board of directors, with six appointed by Uber, one by Toyota and one by Softbank.
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive parts supplier Denso Corp will invest a combined $667 million.
Denso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, according to a statement. The deal will help Uber, which tallied a $3 billion operating loss last year, to continue funding a very costly endeavor. The autonomous-car investment is the second major deal struck in the weeks leading up to the IPO.
Uber's Advanced Technologies Group (ATG), which works on self-driving vehicles, has netted an investment from the SoftBank Vision Fund ($333 million), Denso and Toyota ($667 million combined). The deal will value the ATG at $7.25 billion and create a new entity with its own board. Uber released its public IPO filing in April and is expected to debut at a valuation of up to $100 billion in May.
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules. The forecasts from the U.S. Trade Representative's office were released ahead of an independent trade panel's hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement. A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement's tighter rules of origin.
The European Commission's push to implement a Wi-Fi standard for connected cars has won the support of lawmakers in a victory for Germany's Volkswagen, although competitor BMW and other backers of a rival technology still hope to overturn the decision. Advocates of the alternative C-V2X standard - which stands for Cellular Vehicle to Everything - say their technology is already viable and will only improve as next-generation 5G mobile networks are rolled out. The apparently dry debate over acronyms has divided the car and telecoms industries and will influence which continent ends up dominating automated driving technologies that promise to be safer than people behind the wheel.
Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports? The industry is in "wait-and-see mode," but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. "If the tariff happened on the auto industry, quite frankly that's pulling the pin out of the grenade," he said at a conference on Tuesday held in conjunction with the New York International Auto Show.
The Rhombus is a concept car for a battery-powered electric vehicle targeted at consumers born after 1990. Toyota 7203.T-JP brought a crop of hybrid and fully electric vehicles to the Shanghai Auto Show this year. The Rhombus, pictured above, is a concept car for a battery-powered electric vehicle targeted at consumers born after 1990, according to a release .
Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded market for SUVs and a continued decline in passenger car sales, executives and economists said at this week's auto show in New York. The new SUVs at this week's auto show included models from Toyota Motor Corp, Ford Motor Co, Subaru Corp, Daimler AG's Mercedes-Benz and Hyundai Motor Co. After a long bull run, U.S. auto sales are expected to fall about 3 percent to 16.8 million units.
SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said. SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise.
that would value its self-driving car unit at $7.25 billion, sources told the Wall Street Journal Wednesday. are expected to invest a total of $1 billion in the unit as part of the deal, which could be announced within the next few days, according to the Journal. The investment would add another layer to the company's pending initial public offering, which is scheduled for early May.
The European Commission's push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed wifi over 5G technology promoted by BMW and Qualcomm. The EU executive wants to set benchmarks for internet connected cars, a market that could generate billions of euros in revenues for carmakers, telecoms operators and equipment makers, according to analysts. Wifi technology supporters include Renault, Toyota, NXP, Autotalks and Kapsch TrafficCom.
Toyota's North America automotive operations senior vice president Bill Fay discusses tariffs, President Trump, and new premieres for Toyota with Yahoo Finance’s Rick Newman.
FBN's Jeff Flock previews some of the highlights from the New York Auto Show and talks to Subaru of America CEO Tom Doll about President Trump's potential auto tariffs.