Sometimes it's necessary to change your strategy when the economy is tight and the cost of new initiatives is high. When it sold its self-driving unit to Toyota, it cut $100 million of annual operating expenses on a net basis.
It was free from the cost of developing its own technology to partner with other companies. The company was able to focus on its goal of being the ride-hailing network and fleet-management platform of choice by all commercial robotaxi services, thanks to the move.
Where does the company stand in its plans for self-driving cars? That question, and so many more, is the reason we are so excited that John will join us at the event.
In a conversation called "Steering Towards an Autonomous Future," Zimmer sits down with the transportation editor of TechCrunch to talk about the future of transport, as well as look at the vision of the company. They will look at the company's recent layoffs and lawsuits, as well as the competition it faces, to see if it is possible to maintain growth.
John has a mission to improve peoples' lives by creating transportation and cities that are more affordable, sustainable and community oriented. The largest shared mobility network in the U.S. is included in the transportation network.
During a college class on sustainable cities, he learned that cars remain parked in the majority of times. He worked at Lehman Brothers for two years after graduating from Cornell.
In 2008 he left Lehman to start his own ride-sharing service in San Francisco, where he co-founded with another co- founder. Culdesac is the first car-free neighborhood in the United States.
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