• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Alphabet’s Waymo to expand ride-hailing services to Miami

by December 5, 2024
written by December 5, 2024

(Reuters) – Alphabet (NASDAQ:GOOGL)’s Waymo said on Thursday it will expand its autonomous ride-hailing services to Miami, Florida, adding another city to its operations as it seeks to gain an edge in an increasingly competitive market.

The company plans to introduce its vehicles to Miami’s streets early next year and aims to launch services to riders in 2026, offering ride-hailing through the Waymo One app.

Waymo’s expansion comes at a crucial time as the firm is under intense scrutiny from safety regulators following multiple incidents involving autonomous driving technology.

Intense competition in the autonomous vehicle market, particularly from General Motors (NYSE:GM)’ Cruise, Amazon (NASDAQ:AMZN)’s Zoox and newcomer Tesla (NASDAQ:TSLA) presents a significant challenge to Waymo’s efforts to establish and maintain market dominance in the rapidly evolving self-driving technology sector.

Miami will join Phoenix, Los Angeles, San Francisco, and Austin as cities in which Waymo operates.

Waymo also announced a partnership with vehicle financing firm Moove under which the startup will manage Waymo’s fleet operations, facilities and charging infrastructure, starting in Phoenix, Arizona.

Last month, the company opened its ride-hailing services to everyone in Los Angeles, and in Oct. it closed a $5.6 billion funding round led by Alphabet.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
EU chief lands in South America to seal trade deal as France seethes
next post
Morocco stocks higher at close of trade; Moroccan All Shares up 0.89%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Brazil’s Gol signs deal to convert $950 million in Abra debt into Gol shares
    • Australian interest rate changes since 1990

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy