Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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Europe’s ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari


Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari
Europe’s ride-sharing unicorns call for reform to help the sector thrive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


Europe's ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify.

PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation.

Co-founders from two of the region’s largest mobility firms, BlaBlaCar and Bolt — formerly Taxify — said the lack of a common framework on carpooling and ride-hailing makes it more difficult to operate across the European Union.

The main issue is that the EU, though a collective bloc of 28 — or soon to be 27 — nations, does not have a unified “definition” of what it means to be a ride-sharing start-up, and therefore this creates a fragmentation among the different member states.

“I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Paris.

The firm has been barred from entering countries like Germany, Italy, Spain and Denmark, Villig said, because those territories do not yet permit transportation start-ups to operate freely. In Spain, for instance, firms like Uber and Spanish company Cabify have faced a local pushback due to discontent in the traditional taxi industry.

“I think that there is a big opportunity to open that market,” Bolt’s co-founder said of untapped markets like Germany and Spain, adding that “giving some general harmonization guidelines from a European level” would help, “and then maybe some smaller details can be handled.”


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


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Michael Johnson tells Usain Bolt it is time to find a passion after sport

Former Olympic sprint champion Michael Johnson has urged Usain Bolt to “find a passion” following the latter’s announcement that he has officially retired from sport. Bolt is an eight-time Olympic Champion and still holds world records in the 100 and 200 meter events, the latter of which he took from Johnson in 2008. Speaking exclusively to CNBC about his own post-athletic activities, Johnson said it is crucial Bolt finds something to keep him occupied. “I would advise anyone, whether it’s Usain


Former Olympic sprint champion Michael Johnson has urged Usain Bolt to “find a passion” following the latter’s announcement that he has officially retired from sport. Bolt is an eight-time Olympic Champion and still holds world records in the 100 and 200 meter events, the latter of which he took from Johnson in 2008. Speaking exclusively to CNBC about his own post-athletic activities, Johnson said it is crucial Bolt finds something to keep him occupied. “I would advise anyone, whether it’s Usain
Michael Johnson tells Usain Bolt it is time to find a passion after sport Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: adam reed, matt king, stringer, getty images, andy lyons, getty images sport
Keywords: news, cnbc, companies, records, olympic, passion, bolt, tells, champion, usain, johnson, million, sport, career, michael


Michael Johnson tells Usain Bolt it is time to find a passion after sport

Former Olympic sprint champion Michael Johnson has urged Usain Bolt to “find a passion” following the latter’s announcement that he has officially retired from sport.

Bolt is an eight-time Olympic Champion and still holds world records in the 100 and 200 meter events, the latter of which he took from Johnson in 2008. However, after an unsuccessful attempt to forge a professional soccer career, the Jamaican has declared his “sports life over” and will now concentrate on a career as a businessman.

Speaking exclusively to CNBC about his own post-athletic activities, Johnson said it is crucial Bolt finds something to keep him occupied.

“I would advise anyone, whether it’s Usain Bolt or any other athlete about what to do after retiring — I think it’s about finding a passion.” Johnson told CNBC this week.

According to Forbes Magazine, Bolt was earning upwards of $20 million a year mostly from endorsements before his retirement from athletics in 2017 and his biggest deal with sports brand Puma pays him more than $10 million annually.

The charismatic sprinter has also recently moved into the restaurant business. His Jamaican-themed Track and Records establishment opened in the United Kingdom, with three sister venues in Jamaica.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: adam reed, matt king, stringer, getty images, andy lyons, getty images sport
Keywords: news, cnbc, companies, records, olympic, passion, bolt, tells, champion, usain, johnson, million, sport, career, michael


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Usain Bolt’s soccer stint is over for now, as Olympic champion fails to agree contract terms

Eight-time Olympic sprint champion Usain Bolt’s soccer trial with Australian side Central Coast Mariners has come to an end, the club has revealed. “I would like to thank the Central Coast Mariners owners, management, staff, players and fans for making me feel so welcome during my time there. Central Coast Mariners owner, Mike Charlesworth thanked Bolt for his commitment during his time there and deemed it to have been a successful time for all. Bolt, who retired from athletics in 2017, has prev


Eight-time Olympic sprint champion Usain Bolt’s soccer trial with Australian side Central Coast Mariners has come to an end, the club has revealed. “I would like to thank the Central Coast Mariners owners, management, staff, players and fans for making me feel so welcome during my time there. Central Coast Mariners owner, Mike Charlesworth thanked Bolt for his commitment during his time there and deemed it to have been a successful time for all. Bolt, who retired from athletics in 2017, has prev
Usain Bolt’s soccer stint is over for now, as Olympic champion fails to agree contract terms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-02  Authors: adam reed, matt king, stringer, getty images
Keywords: news, cnbc, companies, stint, featured, world, central, mariners, club, fails, contract, bolts, charlesworth, terms, champion, agree, olympic, usain, bolt, coast, increased, soccer


Usain Bolt's soccer stint is over for now, as Olympic champion fails to agree contract terms

Eight-time Olympic sprint champion Usain Bolt’s soccer trial with Australian side Central Coast Mariners has come to an end, the club has revealed.

The Jamaican, 32, joined the A-League side for an “indefinite training period” in August and was involved in pre-season matches, but hasn’t featured in a competitive game since.

The possibility of securing a permanent contract had increased during that time, after Bolt scored two goals in a friendly and an offer had reportedly been made, however financial terms continued to be a sticking point.

A statement on the Mariners website confirmed that despite conversations with Bolt’s representative Ricky Simms and external partners to find a commercial solution that suits all parties had been ongoing, they’d been unable to find a solution.

“I would like to thank the Central Coast Mariners owners, management, staff, players and fans for making me feel so welcome during my time there. I wish the club success for the season ahead,” Bolt said on Friday.

Central Coast Mariners owner, Mike Charlesworth thanked Bolt for his commitment during his time there and deemed it to have been a successful time for all.

“This has been a mutually beneficial partnership that brought an increased level of excitement and attention to both the Mariners and the Hyundai A-League.” Charlesworth also said on Friday.

Bolt, who retired from athletics in 2017, has previously trained with Borussia Dortmund, South African club Mamelodi Sundowns and Norway’s Stromsgodset.

Last month Maltese club Valetta FC offered Bolt a two-year contract to play professionally, but it was turned down.

He also featured for a Rest of the World team in UNICEF’s annual Socceraid match in June, wearing 9.58 as his shirt number to symbolize his 100-meter world record time.


Company: cnbc, Activity: cnbc, Date: 2018-11-02  Authors: adam reed, matt king, stringer, getty images
Keywords: news, cnbc, companies, stint, featured, world, central, mariners, club, fails, contract, bolts, charlesworth, terms, champion, agree, olympic, usain, bolt, coast, increased, soccer


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Usain Bolt’s soccer dream could be gathering pace with a reported professional contract offer

Eight-time Olympic champion Usain Bolt has been offered a contract by Australian professional soccer side Central Coast Mariners, according to his agent. The 32-year-old scored two goals for Mariners in a trial match this month as he seeks a switch from athletics to soccer. “In response to the media stories, yes, Usain has been offered a contract,” his agent Ricky Simms was quoted as saying to Australian media over the weekend, declining to comment further. The contract offer would be the second


Eight-time Olympic champion Usain Bolt has been offered a contract by Australian professional soccer side Central Coast Mariners, according to his agent. The 32-year-old scored two goals for Mariners in a trial match this month as he seeks a switch from athletics to soccer. “In response to the media stories, yes, Usain has been offered a contract,” his agent Ricky Simms was quoted as saying to Australian media over the weekend, declining to comment further. The contract offer would be the second
Usain Bolt’s soccer dream could be gathering pace with a reported professional contract offer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: adam reed, cameron spencer, getty images
Keywords: news, cnbc, companies, mariners, usain, media, professional, contract, soccer, second, restaurant, offered, bolt, reported, australian, open, gathering, bolts, offer, pace, dream


Usain Bolt's soccer dream could be gathering pace with a reported professional contract offer

Eight-time Olympic champion Usain Bolt has been offered a contract by Australian professional soccer side Central Coast Mariners, according to his agent.

The 32-year-old scored two goals for Mariners in a trial match this month as he seeks a switch from athletics to soccer.

“In response to the media stories, yes, Usain has been offered a contract,” his agent Ricky Simms was quoted as saying to Australian media over the weekend, declining to comment further.

Questions will always be asked about whether signing Bolt was more about public relations than his footballing prowess. Despite scoring those goals in one pre-season friendly, some have raised concerns over his ability to effectively make the transition between sports.

Bolt wasn’t involved in Mariners’ A-League opening draw against Brisbane Roar on Sunday, after which Coach Mike Mulvey said he knew nothing about any contract for the Jamaican.

“That’s for a few pay grades above my level,” Mulvey said. “I do appreciate how important this story is for the rest of the world.”

“But you have a look at our frontline today and you wonder if he could get into any of those positions, wouldn’t you?” he went on to say.

The contract offer would be the second made to Bolt, after Maltese club Valletta FC approached the Jamaican with a two-year contract that he turned down.

Football Federation Australia (FFA) has made it clear that the “marquee” money that has in the past helped Australian clubs lure the likes of former Juventus and Italy forward Alessandro Del Piero to the A-League will not be available to sign Bolt.

That means any contract from the Mariners, whose average home crowd last season was just over 7,000, is unlikely to be highly lucrative, with local media speculating it would be worth about 150,000 Australian dollars ($106,560) a season.

According to Forbes, Bolt was earning upwards of $20 million a year mostly from endorsements before his retirement from athletics in 2017 and his biggest deal with sports brand Puma pays him more than $10 million annually.

Bolt remains the world record holder in both the 100 meter and 200 meter sprint events and has recently moved into the restaurant business. His first Track and Records establishment in the United Kingdom is due to open at the end of October, with several more set to follow.

“London is my second home and a place very close to my heart — so it’s brilliant to be sharing a taste of Jamaica in the capital,” Bolt said earlier this month on social media.

The Jamaican-based company Kingston Live Entertainment Group is behind Bolt’s restaurant push and it plans to open fifteen more over the next five years.


Company: cnbc, Activity: cnbc, Date: 2018-10-22  Authors: adam reed, cameron spencer, getty images
Keywords: news, cnbc, companies, mariners, usain, media, professional, contract, soccer, second, restaurant, offered, bolt, reported, australian, open, gathering, bolts, offer, pace, dream


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Sales of Chevy’s electric car, the Bolt, tank 41 percent during the third quarter

General Motors Q3 US sales down 11.1 percent from last year 4 Hours Ago | 01:09Sales of Chevrolet’s electric car, the Bolt, are tanking. Bolt sales plunged 41 percent during the third quarter from the same time last year and are down 17 percent since the beginning of the year, General Motors said Tuesday. Sales of several models across GM’s brands saw declines in the quarter, while others saw gains. Chevrolet saw a year-over-year decline of 11.4 percent, GMC saw a decline of 11.3 percent, Cadill


General Motors Q3 US sales down 11.1 percent from last year 4 Hours Ago | 01:09Sales of Chevrolet’s electric car, the Bolt, are tanking. Bolt sales plunged 41 percent during the third quarter from the same time last year and are down 17 percent since the beginning of the year, General Motors said Tuesday. Sales of several models across GM’s brands saw declines in the quarter, while others saw gains. Chevrolet saw a year-over-year decline of 11.4 percent, GMC saw a decline of 11.3 percent, Cadill
Sales of Chevy’s electric car, the Bolt, tank 41 percent during the third quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: robert ferris, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, tank, motors, electric, sales, model, chevys, quarter, bolt, saw, decline, 41, lost, car, yearoveryear, production


Sales of Chevy's electric car, the Bolt, tank 41 percent during the third quarter

General Motors Q3 US sales down 11.1 percent from last year 4 Hours Ago | 01:09

Sales of Chevrolet’s electric car, the Bolt, are tanking.

Bolt sales plunged 41 percent during the third quarter from the same time last year and are down 17 percent since the beginning of the year, General Motors said Tuesday.

“The decline is more a function of us diverting production to Canada and South Korea, coupled with low stocks in the U.S.,” GM spokesman Jim Cain told CNBC in an email. “We’re still proceeding with the Q4 production increase we announced in the last sales release.” Cain added that investors should expect lower U.S. sales for 2018 but higher global sales.

Billed as a compact crossover, the Bolt is GM’s foray into electric vehicles, touted as a potential rival to cars such as the Tesla Model 3 and the Nissan Leaf. Its base model lists a starting price of $37,495.

Sales of several models across GM’s brands saw declines in the quarter, while others saw gains.

GM’s total sales are down 11 percent over the same quarter last year and 1.2 percent this year. Chevrolet saw a year-over-year decline of 11.4 percent, GMC saw a decline of 11.3 percent, Cadillac lost 10.7 percent and Buick lost 7.3 percent.

The Bolt is not to be confused with the Chevrolet Volt, a hybrid, which actually saw a year-over-year increase of nearly 23 percent in sales.


Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: robert ferris, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, tank, motors, electric, sales, model, chevys, quarter, bolt, saw, decline, 41, lost, car, yearoveryear, production


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GM increasing Chevy Bolt production in a step toward all-electric future: CEO Mary Barra

General Motors CEO Mary Barra announced her company will expand production of its Chevrolet Bolt electric car, during a speech plotting GM’s path to a zero-emissions future at one of the biggest energy conferences of the year. On Monday, Saudi Aramco CEO Amin Nasser told CNBC it would take “generations” for a transformation toward electric vehicles in the transportation industry to take place. “I think it’s going to happen more quickly than decades,” Barra told CNBC in an interview on the sideli


General Motors CEO Mary Barra announced her company will expand production of its Chevrolet Bolt electric car, during a speech plotting GM’s path to a zero-emissions future at one of the biggest energy conferences of the year. On Monday, Saudi Aramco CEO Amin Nasser told CNBC it would take “generations” for a transformation toward electric vehicles in the transportation industry to take place. “I think it’s going to happen more quickly than decades,” Barra told CNBC in an interview on the sideli
GM increasing Chevy Bolt production in a step toward all-electric future: CEO Mary Barra Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-07  Authors: tom dichristopher, patrick t fallon, bloomberg, getty images, karen stern, joshua roberts, sputnik, kremlin, matthew busch, vitanovski
Keywords: news, cnbc, companies, chevy, future, think, energy, production, going, vehicles, electric, youre, told, barra, mary, gm, ceo, step, increasing, bolt


GM increasing Chevy Bolt production in a step toward all-electric future: CEO Mary Barra

General Motors CEO Mary Barra announced her company will expand production of its Chevrolet Bolt electric car, during a speech plotting GM’s path to a zero-emissions future at one of the biggest energy conferences of the year.

Barra’s address came on the heels of a day focused on the viability of oil at the annual CERAWeek by IHS Markit conference in Houston, where many energy executives challenged the notion that alternative fuels and electric vehicles will soon displace the internal combustion engine.

On Monday, Saudi Aramco CEO Amin Nasser told CNBC it would take “generations” for a transformation toward electric vehicles in the transportation industry to take place.

“I think it’s going to happen more quickly than decades,” Barra told CNBC in an interview on the sidelines of the conference.

“As more and more people recognize that we have the right range, understand that we have a charging infrastructure so they don’t think you’re going to be stranded, I think you’re going to see EV adoption continue,” the GM CEO said.

GM will increase production of the Chevrolet Bolt later this year at its Orion Assembly plant near Detroit to meet growing demand around the world for the all-electric model, Barra announced on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2018-03-07  Authors: tom dichristopher, patrick t fallon, bloomberg, getty images, karen stern, joshua roberts, sputnik, kremlin, matthew busch, vitanovski
Keywords: news, cnbc, companies, chevy, future, think, energy, production, going, vehicles, electric, youre, told, barra, mary, gm, ceo, step, increasing, bolt


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High-taxed New Yorkers won’t bolt due to GOP bill, says Trump’s longtime real estate friend

Under current law, the SALT deduction on federal returns is unlimited. The House wanted to put a ceiling of $10,000 on property taxes alone. But the final Republican bill capped the state, local and property tax deduction at $10,000 for single filers and married couples alike. GOP tax writers were aiming to make up for curtailing SALT by lowering overall federal tax rates and doubling the standard deduction. The House and Senate plan to vote this week on the final GOP tax bill.


Under current law, the SALT deduction on federal returns is unlimited. The House wanted to put a ceiling of $10,000 on property taxes alone. But the final Republican bill capped the state, local and property tax deduction at $10,000 for single filers and married couples alike. GOP tax writers were aiming to make up for curtailing SALT by lowering overall federal tax rates and doubling the standard deduction. The House and Senate plan to vote this week on the final GOP tax bill.
High-taxed New Yorkers won’t bolt due to GOP bill, says Trump’s longtime real estate friend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-19  Authors: matthew j belvedere
Keywords: news, games, cnbc, companies, gop, yorkers, wont, bolt, tax, federal, longtime, real, property, estate, trumps, friend, deduction, bill, lorber, state, salt, taxes, hightaxed


High-taxed New Yorkers won't bolt due to GOP bill, says Trump's longtime real estate friend

The severe limits in the final GOP tax bill on how much in state and local taxes Americans can deduct from their federal returns won’t spark a flood of rich Big Apple residents leaving, Howard Lorber, chairman of New York City real estate powerhouse Douglas Elliman, told CNBC on Tuesday.

Opponents of the reduction in the state and local tax deduction, better known by the acronym SALT, argue that wealthier Americans who face higher tax bills will move to lower tax states.

“My own personal view is, and I think there are plenty of people in the business that share it, is that the city will not have a mass exodus,” said Lorber — a decadeslong friend of President Donald Trump who before politics also made his fortune as a property developer.

“It’s really hard for a real rich guy to call [Trump] up and say, ‘Hey, you’re going to hurt me,'” said Lorber who aimed to sum up the president’s stance on the matter. “I think his overall views is, ‘Some of the people complaining, really had nothing to complain about.'”

The SALT provision was contentious for House and Senate lawmakers who negotiated the compromise legislation between the two chambers.

Under current law, the SALT deduction on federal returns is unlimited. The House wanted to put a ceiling of $10,000 on property taxes alone. But the final Republican bill capped the state, local and property tax deduction at $10,000 for single filers and married couples alike.

GOP tax writers were aiming to make up for curtailing SALT by lowering overall federal tax rates and doubling the standard deduction. But those measures may not be enough of an offset for the wealthy.

Republicans attacked SALT on the belief that it gives high-tax states, such as New York and California, the ability to raise their taxes knowing the federal government will foot the bill. Critics of the SALT modification claim that bigger, higher-tax states already pay more in taxes than they get in federal funding.

No matter the argument for or against the SALT move, Lorber said everyone knew it was coming for a while. “Meanwhile the stock market is still going up with huge [real estate] sales. We’ve done some of the biggest sales in the city in the last month.”

The House and Senate plan to vote this week on the final GOP tax bill. It’s expected to pass and land on the president’s desk for his signature by Christmas.


Company: cnbc, Activity: cnbc, Date: 2017-12-19  Authors: matthew j belvedere
Keywords: news, games, cnbc, companies, gop, yorkers, wont, bolt, tax, federal, longtime, real, property, estate, trumps, friend, deduction, bill, lorber, state, salt, taxes, hightaxed


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My ride in GM’s self-driving car offers a taste of what’s possible

Through it all, the GM’s Cruise Automation Chevy Bolt handled all of the potential traffic problems without any issues. That was the clearest indication GM’s self-driving cars and the technology in them still need refinement before they are ready for the public. Still, they say their self-driving cars are becoming safer day by day as the automaker logs tens of thousands of miles in San Francisco and Arizona. How did riding in GM’s self-driving Chevy Bolt compare to riding in Waymo’s self-driving


Through it all, the GM’s Cruise Automation Chevy Bolt handled all of the potential traffic problems without any issues. That was the clearest indication GM’s self-driving cars and the technology in them still need refinement before they are ready for the public. Still, they say their self-driving cars are becoming safer day by day as the automaker logs tens of thousands of miles in San Francisco and Arizona. How did riding in GM’s self-driving Chevy Bolt compare to riding in Waymo’s self-driving
My ride in GM’s self-driving car offers a taste of what’s possible Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-11-29  Authors: phil lebeau, getty images
Keywords: news, games, cnbc, companies, ride, possible, offers, gms, riding, driving, taste, cars, bolt, ready, vehicles, car, chevy, whats, selfdriving


My ride in GM's self-driving car offers a taste of what's possible

Through it all, the GM’s Cruise Automation Chevy Bolt handled all of the potential traffic problems without any issues. It is clear GM’s focus on safety is paying off with a self-driving car ready for the curve balls that come with city driving.

Was it a smooth ride? No. More than once the Bolt stopped or paused due to another vehicle in the area or a construction worker walking in the street while working on a project nearby. If you or I were driving the car in those same situations we would likely have slowed down or steered to the side of the lane in a less herky-jerky fashion.

That was the clearest indication GM’s self-driving cars and the technology in them still need refinement before they are ready for the public. It’s a point GM executives readily admit.

Still, they say their self-driving cars are becoming safer day by day as the automaker logs tens of thousands of miles in San Francisco and Arizona.

“We have test fleet in San Francisco and we have a test fleet in Scottsdale in Arizona,” said Ammann. “There is a simple rule of thumb. Our cars here will see more in one minute in San Francisco than they will see in one hour of driving in Scottsdale.”

How did riding in GM’s self-driving Chevy Bolt compare to riding in Waymo’s self-driving Chrysler minivan?

Waymo’s was driving on a closed course with preset obstructions like pedestrians or cars stalled in intersections, while GM’s self-driving Bolt was taking me through city streets filled with unpredictability.

Waymo’s ride was smoother, but also far-less challenging. In addition, while both vehicles had a video screens in the back seat showing the path of the vehicle, Waymo’s minivan was much more focused on the user experience. The video screens conveyed more detailed information about the drive and traffic to the person riding in the back seat.

Finally, GM had a safety driver ready to grab the steering wheel even though the self-driving Bolt made all the driving decisions during my short ride. By comparison, the Waymo minivan had no one sitting behind the steering wheel for my test ride on a closed course.

Overall, after riding in GM’s self-driving Chevy Bolt, it is clear the automaker is well-positioned to take on Waymo and other competitors developing autonomous-drive vehicles. Furthermore, with self-driving cars likely to take off in urban environments as part of a fleet of ride-hailing vehicles, GM’s Chevy Bolts will be ready for those challenges.

The question now is when will GM take that next step.


Company: cnbc, Activity: cnbc, Date: 2017-11-29  Authors: phil lebeau, getty images
Keywords: news, games, cnbc, companies, ride, possible, offers, gms, riding, driving, taste, cars, bolt, ready, vehicles, car, chevy, whats, selfdriving


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If corporate tax reform fails, US companies will bolt from America, House Speaker Paul Ryan says

U.S. companies won’t tolerate failure on corporate tax reform, House Speaker Paul Ryan said Wednesday. “[If] we don’t get this done, those companies sitting back and waiting for us to fix this tax code are going to leave,” he predicted on “Squawk Box.” Ryan’s comments came as the House and Senate work on separate tax overhaul plans in hopes of passing a bill for President Donald Trump to sign by year-end. I was advising companies how to get out of the burdensome U.S. tax system. In Wednesday’s C


U.S. companies won’t tolerate failure on corporate tax reform, House Speaker Paul Ryan said Wednesday. “[If] we don’t get this done, those companies sitting back and waiting for us to fix this tax code are going to leave,” he predicted on “Squawk Box.” Ryan’s comments came as the House and Senate work on separate tax overhaul plans in hopes of passing a bill for President Donald Trump to sign by year-end. I was advising companies how to get out of the burdensome U.S. tax system. In Wednesday’s C
If corporate tax reform fails, US companies will bolt from America, House Speaker Paul Ryan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-11-15  Authors: matthew j belvedere, getty images
Keywords: news, games, cnbc, companies, paul, fails, corporate, companies, tax, going, economic, ryan, house, speaker, bolt, system, rate, thats, foreign, reform


If corporate tax reform fails, US companies will bolt from America, House Speaker Paul Ryan says

U.S. companies won’t tolerate failure on corporate tax reform, House Speaker Paul Ryan said Wednesday.

“We’ve already seen a rash of inversions,” the Wisconsin Republican said on CNBC, referring to the practice of U.S. companies merging with foreign firms in lower tax countries, and then redomiciling there.

“[If] we don’t get this done, those companies sitting back and waiting for us to fix this tax code are going to leave,” he predicted on “Squawk Box.”

Ryan’s comments came as the House and Senate work on separate tax overhaul plans in hopes of passing a bill for President Donald Trump to sign by year-end.

In a CNBC interview last week, top Trump economic advisor Gary Cohn also warned about inversions.

The director of the National Economic Council, who used to be the No. 2 executive at Goldman Sachs, said, “Look, a year ago, I was on the other side of this equation. I was advising companies how to get out of the burdensome U.S. tax system. We were talking about inversions; we were talking about moving companies out of the United States.”

In light of his current role in the administration, Cohn said he does not regret his efforts at Goldman. “I didn’t feel guilty because boards have a fiduciary responsibility to their shareholders. That’s what they’re supposed to do. So, you know what? We’re going to make America competitive. We’re going to make it compelling for people to build their companies in America.”

In Wednesday’s CNBC interview, Ryan made the case for how to create a more attractive business environment in America. He cited three main corporate tax changes, including cutting the federal rate from 35 percent to 20 percent; allowing immediate “full expensing” of capital expenditures; and switching to a “territorial system” that would not subject American companies to U.S. taxes on foreign earnings.

The current “worldwide system” in the U.S., which requires companies to pay U.S. taxes on earnings wherever they are generated, penalizes American companies that want to bring foreign income back home, Ryan said.

“They basically don’t as a result. That’s why we have $3 trillion in cash parked overseas in the first place,” Ryan said. “Unlocking that brings that money home. But unlocking that also puts us on a better level playing field.”

In addition to a move to a “territorial system,” the House approach proposes a one-time “tax holiday” rate of 12 percent on cash returns and 5 percent on non-cash repatriated from overseas.

“When you combine ‘full expensing,’ which will be effective immediately, with a rate cut, with repatriation, it says the incentive is to invest in America,” Ryan said. “Getting from the last of the country pile, meaning the highest industrial world tax rate, to one of the best tax rates, we really are convinced that that’s going to give us faster economic growth and higher wage growth.”


Company: cnbc, Activity: cnbc, Date: 2017-11-15  Authors: matthew j belvedere, getty images
Keywords: news, games, cnbc, companies, paul, fails, corporate, companies, tax, going, economic, ryan, house, speaker, bolt, system, rate, thats, foreign, reform


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