Volvo Car Group has agreed a $300 million alliance with Uber to develop self-driving cars, the latest move by traditional vehicle manufacturers to team up with Silicon Valley firms long seen as disruptive threats to their industry.
Uber has just taken another detour on the way to an inevitable legal showdown. The ride-hailing service, valued at more than $60 billion in its latest funding round, on Thursday settled two class-action lawsuits claiming drivers in California and Massachusetts are employees rather than so-called independent contractors, agreeing to pay up to $100 million. But the Silicon Valley darling is only buying time.
Google, along with other multinationals, seem to be under serious pressure in Europe from public opinion and governments alike. French police raided Google's Paris headquarters seeking proof of tax evasion.