Lyft CEO Logan Green announced a deal Wednesday with Magna to develop self-driving car technology. Laura Buckman/Reuters Lyft on Wednesday announced a partnership with automotive components supplier Magna to develop self-driving car technology. As part of the deal, Magna is investing $200 million in Lyft. Magna is just one of several companies with which Lyft… Continue reading Lyft is teaming up with automotive industry giant Magna to develop self-driving cars — and getting a $200 million investment (MGA, GM, GOOGL)
Author: Business Insider
GM is piloting a new P2P car-sharing service
BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. GM will start piloting a new peer-to-peer (P2P) car-sharing service this summer that will allow GM car owners to rent out their vehicles when they’re… Continue reading GM is piloting a new P2P car-sharing service
Ford is laying the groundwork for autonomous ride-hailing and delivery in Miami (F)
BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Ford is setting up the foundation for a wide-ranging autonomous mobility and delivery services project in Miami, Florida, reports Recode. The automaker is establishing partnerships… Continue reading Ford is laying the groundwork for autonomous ride-hailing and delivery in Miami (F)
Uber is pushing forward with its flying car plans and will host a Los Angeles event with demonstrations in May
A mock-up from Uber of a VTOL aircraft. Uber Uber is hosting an aviation conference, Elevate Summit, in May 2018. The ride-hailing company wants to run a “flying car” trial in three cities by 2020. Its long-term vision is urban aircraft you book with the tap of an app. Uber is still committed to its… Continue reading Uber is pushing forward with its flying car plans and will host a Los Angeles event with demonstrations in May
Waymo gets the go ahead for autonomous ride-hailing in Arizona (GOOGL)
BI Intelligence This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Waymo, Alphabet’s self-driving car spinoff, was granted a permit to operate as a Transportation Network Company by the state of Arizona back on January 24,… Continue reading Waymo gets the go ahead for autonomous ride-hailing in Arizona (GOOGL)
Uber’s CEO already told Goldman Sachs the real plan: It’s not to replace taxis, it’s to replace your car
Getty According to Goldman Sachs, Uber’s real goal is “for Uber to truly become a legitimate alternative to car ownership.” Autonomous fleets of Uber cars will be much cheaper than owning a car. Private car ownership costs about $0.80-$0.90/mile today. Using an Uber costs $2.50/mile. Autonomous cars will bring the latter cost down, CEO Dara… Continue reading Uber’s CEO already told Goldman Sachs the real plan: It’s not to replace taxis, it’s to replace your car
Uber’s losses narrowed in Q4, but there’s still work to do
This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. US ride-hailing giant Uber revealed its Q4 and full-year 2017 financials earlier this week. Below are some of the highlights: The company’s losses narrowed nearly 25% from $1.46 billion in… Continue reading Uber’s losses narrowed in Q4, but there’s still work to do
Uber’s CEO said that it could be profitable — it just doesn’t want to be right now
Uber CEO Dara Khosrowshahi said that the business could be profitable if it stopped operating in new markets and its research divisions. Khosrowshahi said choosing to become profitable would sacrifice growth and innovation. Operating at a loss makes Uber’s CEO “intensely uncomfortable,” but he said it was the right thing to do. Uber CEO Dara Khosrowshahi said… Continue reading Uber’s CEO said that it could be profitable — it just doesn’t want to be right now
Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco
With the settlement between Waymo and Uber, Dara Khosrowshahi has cleaned up one of the ugliest lawsuits the company faced, full of bad blood. This was a face-saving gesture for both companies. Waymo gets a payment, but under terms that Uber’s board could swallow. Khosrowshahi gets to take credit for eliminating another big hurdle as he… Continue reading Uber and new CEO Dara Khosrowshahi are the big winners of the Waymo trial fiasco
The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)
Andre Rivera is a 20-year veteran of the auto industry who now oversees training for Tesla. He got his start in the business when General Motors and Toyota owned what’s now Tesla’s factory. To him, Tesla is completely rethinking what a car can be. Editor’s note: Business Insider had the chance to speak with four… Continue reading The man who trains Tesla’s workforce reveals how his job goes beyond staffing production lines (TSLA)