WeRide, Uber Technologies, Inc. And AVOMO Receive Spain's First National Operating Permit For Level 4 Autonomous Passenger Vehicles

Dutch DPA fined Uber €824.99M for violating GDPR by using automated decisions to deactivate drivers' accounts. The decision affected drivers from 2018 to 2022. Uber has appealed the fine, stating it disagrees with the findings and the amount. The Dutch DPA worked with other European authorities on the case.

California Governor Gavin Newsom signed Senate Bill 1246, tightening rules for robotaxi operators. The law requires on-the-ground support and penalties for obstructing emergency services. Waymo (GOOGL) and Tesla (TSLA) are among companies affected, with Waymo facing citations in Austin. The law aims to improve accountability and response times for autonomous vehicle incidents.

Uber settled a lawsuit with a 14-year-old sex trafficking victim in metro Atlanta, resolving allegations that the company was liable for her abuse. The case involved an Uber driver who transported the teen in 2024. Uber denied wrongdoing but avoided a deposition by settling, reportedly for a substantial, confidential amount.

Uber plans to deploy 10,000 autonomous Rivian R2 vehicles, with an option for 40,000 more starting in 2030. Uber may invest up to $1.25 billion in Rivian by 2031, contingent on autonomous-driving milestones. Rivian delivered 12,194 vehicles in Q2, generating $1.66 billion in revenue and a $179 million gross profit, but faced a $36 million automotive gross loss and $849 million in free cash flow burn.

Rivian partners with Uber to deploy 10,000-50,000 autonomous R2 vehicles by 2030, with up to $1.25B in Uber funding tied to milestones. Rivian delivered 12,194 vehicles in Q2, generating $1.66B revenue but facing $36M automotive loss and $849M cash burn. The partnership aims to leverage Uber's network for autonomous ride-hailing, though commercial deployment is expected only in 2028.

Uber (UBER) could benefit from falling robotaxi costs, making driverless rides more competitive, according to BNP Paribas. Analyst Nick Jones forecasts Uber's stock to reach $106, a 56% upside from its Sept. 28 price. Robotaxi costs could drop to 42 cents per mile, compared to $1 per mile for human-driven rides. Waymo's Zeekr platform and Tesla's Cybercab aim to reduce vehicle build costs.