AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 210.52 Increased By ▲ 13.16 (6.67%)
BOP 9.65 Increased By ▲ 0.11 (1.15%)
CNERGY 6.40 Increased By ▲ 0.49 (8.29%)
DCL 9.25 Increased By ▲ 0.43 (4.88%)
DFML 37.52 Increased By ▲ 1.78 (4.98%)
DGKC 98.85 Increased By ▲ 1.99 (2.05%)
FCCL 35.92 Increased By ▲ 0.67 (1.9%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.09 Increased By ▲ 0.92 (6.99%)
HUBC 129.51 Increased By ▲ 1.96 (1.54%)
HUMNL 13.79 Increased By ▲ 0.29 (2.15%)
KEL 5.48 Increased By ▲ 0.16 (3.01%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.48 Increased By ▲ 0.78 (1.74%)
NBP 60.70 Decreased By ▼ -0.72 (-1.17%)
OGDC 220.90 Increased By ▲ 6.23 (2.9%)
PAEL 40.70 Increased By ▲ 1.91 (4.92%)
PIBTL 8.50 Increased By ▲ 0.25 (3.03%)
PPL 198.00 Increased By ▲ 4.92 (2.55%)
PRL 40.05 Increased By ▲ 1.39 (3.6%)
PTC 27.53 Increased By ▲ 1.73 (6.71%)
SEARL 108.50 Increased By ▲ 4.90 (4.73%)
TELE 8.64 Increased By ▲ 0.34 (4.1%)
TOMCL 36.00 Increased By ▲ 1.00 (2.86%)
TPLP 13.70 Increased By ▲ 0.40 (3.01%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.16 Increased By ▲ 1.19 (3.61%)
WTL 1.69 Increased By ▲ 0.09 (5.63%)
BR100 12,040 Increased By 313.3 (2.67%)
BR30 37,394 Increased By 1017.2 (2.8%)
KSE100 112,704 Increased By 3191.2 (2.91%)
KSE30 35,550 Increased By 1036.9 (3%)

Uber facing US criminal probe over Asian bribery allegations | Brecorder.comMUNICH: Uber's chief executive said on Monday that he was focused on "responsible growth" as he seeks to put an end to the take-no-prisoners culture he inherited on joining the pioneer of ride-hailing services last year.

The company was now set on "going from growth-at-all-costs to responsible growth" and its plans include making a fresh start in Germany, where it previously faced legal battles, CEO Dara Khosrowshahi told a technology conference in Munich.

"Germany as a market for Uber is a market with enormous promise," he said during an on-stage interview at DLD Munich, an annual gathering for some of Europe and Silicon Valley's tech elite. "Our strategy for Germany is a total reset."

Khosrowshahi, who joined the San Francisco firm last August to replace co-founder and CEO Travis Kalanick after he was pushed out by the company's board of directors, said Uber was now working with regulators in Germany.

The company faced battles with taxi associations and city regulators when it first entered the country, leading a German court to declare its amateur ride-hailing services illegal in 2014. It now offers rides with licensed taxi drivers in Berlin and Munich but is a small player in the country's taxi market.

Khosrowshahi has pledged to make a clean break with past business practices that resulted in an endless litany of regulatory battles, driver and consumer scandals, court cases and many accusations of a toxic work culture at the company.

 

 

Copyright Reuters, 2018
 

Comments

Comments are closed.