Mexican Media Brands
Uber Buys Latin American Delivery Service
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Share
Uber Technologies Inc. is acquiring majority ownership in Cornershop, a startup grocery delivery service based in Santiago, Chile.
Financial details about the sale, which is expected to be completed early next year, were not disclosed
Last year Walmart Inc. offered to buy Cornershop for $225 million and resell it to its subsidiary in Mexico. But regulators rejected the deal on antitrust grounds.
Four-year-old Cornershop operates in Chile, Mexico, Peru and Toronto. The company’s smartphone app enables users to chose goods from their favorite store. A Cornershop shopper then picks up the items and delivers the order within the hour or at a scheduled later time.
Fees vary by store, and there are delivery charges for trips longer than 6 km (4 miles).
RELATED CONTENT
-
GM Is Down with Diesels
General Motors is one company that is clearly embracing the diesel engine.
-
Mustang Changes for 2018
On Tuesday Ford unveiled—using the social media channels of actor Dwayne Johnson (this has got to unnerve some of the auto buff book editors)—the 2018 Mustang, which has undergone some modifications: under the hood (the 3.7-liter V6 is giving way to a 2.3-liter EcoBoost four, and a 10-speed automatic is available), on the dash (a 12-inch, all-digital LCD screen is available for the dashboard), at the tires (12 wheel choices), on the chassis (MagneRide damper technology is being offered with the Mustang Performance Package), and on the exterior (three new paint colors). And while on the subject of the exterior, there are some notable changes—a lower, remodeled hood, repositioned hood vents, new upper and lower front grilles, LED front lights, revised LED taillamps, new rear bumper and fascia.
-
Engineering the 2019 Jeep Cherokee
The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.
