Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
General Motors is preparing to take on Uber, Lyft and other ride-hailing companies with its own self-driving ride-hailing service by 2019.
"As we first launch autonomous and ride-sharing fleets, we believe the biggest opportunities are in the coastal areas," General Motors CEO Mary Barra told analysts as she and other GM executives updated investors on the company's strategy for autonomous-drive vehicles.
The automaker is already operating self-driving Chevy Bolts in San Francisco as part of a beta test run by the company's subsidiary, Cruise Automation.
Dan Ammann, the president of GM, says the automaker is rapidly making progress on its goal of safely operating self-driving cars in complex urban environments.
"We want to demonstrate to people how much progress has been made to our overall mission, which is to deploy this technology at very large scale and the most complex environments with the right safety," Ammann told CNBC.
In addition to ensuring that its self-driving cars can safely transport passengers to their destinations, General Motors says the key will be bringing down the cost of those rides.
GM expects the initial cost to passengers of early stage autonomous-drive ride-share vehicles in San Francisco will be roughly $1.50 per mile, 40 percent below the cost of ride-hailing services operated with a human driver.
The automaker is still developing its business plan, however, and is far from announcing the start of a ride-hailing service or how much rides in self-driving Chevy Bolts might cost.
"This technology will continually and rapidly improve once it's launched," Ammann told analysts.
GM's announcement that it plans to start a self-driving ride-hailing service comes less than a month after Waymo, formerly known as the Google Self Driving Car Project, said it will start a ride-hailing service in the Phoenix area using self-driving Chrysler minivans.