Uber CEO eyes 'responsible growth', seeks fresh start in Germany

Image
Reuters MUNICH
Last Updated : Jan 22 2018 | 9:15 PM IST

MUNICH (Reuters) - 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.

He has been handicapped by continued fallout from decisions taken by Kalanick. (http://reut.rs/2DoYnEz)

(Reporting by Eric Auchard and Douglas Busvine; Editing by Arno Schuetze and Susan Fenton)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 22 2018 | 9:06 PM IST

Next Story