Uber’s Big Loss, Boeing’s 787 Trouble, and More Car News This Week
It’s summertime, and the profits are measly. Nonexistent, actually: Uber this week announced it lost $5.2 billion this past quarter, while posting record low revenue growth. Rival Lyft did better, losing just $644 million in the same span. Uber CEO Dara Khosrowshahi called the loss a “once in a lifetime hit,” since much of it …
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