Uber CEO Travis Kalanick was kicked out by several large shareholders, according to The New York Times. He responded with a note that said:
I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted by another fight.
Tesla Inc. (NASDAQ: TSLA) has replaced its head of self-driving software.
Amazon.com Inc. (NASDAQ: AMZN) launched a new service called Wardrobe that will allow Prime members to order clothes, try them on, and return them if necessary. Members can order three or more items of clothing, shoes and accessories. They can try them for up to seven days, and return them via United Parcel Service Inc. (NYSE: UPS) if they do not want them.
Cybereason, which creates software to make enterprise data more secure, raised $100 million from Japan’s Softbank. The company said:
We are thrilled that SoftBank is investing an additional $100 million as they share our bold vision to transform the cybersecurity landscape. We are also grateful to have raised a total of $189 million and to have the confidence of our investors.
The Insurance Institute for Highway Safety named General Motors Co.’s (NYSE: GM) Chevy Bolt as a Top Safety Pick, its highest designation. The institute’s researchers wrote:
The Bolt earns good ratings in all five of the Institute’s crashworthiness tests — small overlap front, moderate overlap front, side, roof strength and head restraints. It also has an optional front crash prevention system that earns a superior rating. The car avoided collisions in IIHS track tests at 12 mph and 25 mph, and the system has a forward collision warning component that meets National Highway Traffic Safety Administration criteria.
Continental AG, which makes auto parts, said it would join a group that is advancing a new version of self-driving cars. Other participants include BMW, Intel Corp. (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY). The company said:
Continental contributes broad product know-how and its overall system competency along the entire process chain of assisted and automated driving. The focus is on function development and integration of automated systems including driver monitoring and motion control, as well as simulation and validation of the functions.