German Manager Magazin: Autonomous driving: VW and Uber close Robotaxi partnership00004148

Volkswagen And the service agent Uber has agreed a partnership for the US market. Over the next ten years, the carmaker is to be thousands of autonomous autonomous electrollis of type ID Buzz AD for trips in the USA Provide how the Hamburg VW subsidiary Moia announced. Uber customers should be able to call the… Continue reading German Manager Magazin: Autonomous driving: VW and Uber close Robotaxi partnership00004148

TechCrunch Mobility: Lyft buys its way into Europe, Kodiak SPACs, and how China’s new ADAS rules might affect Tesla

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Enough with my typical small talk. Let’s jump into the news right away this week. And there’s plenty of it, including Lyft’s entry into Europe, AV startup… Continue reading TechCrunch Mobility: Lyft buys its way into Europe, Kodiak SPACs, and how China’s new ADAS rules might affect Tesla

An Internal Tesla Analysis Found the Robotaxi Would Lose Money, and You’ll Never Guess What Elon Musk Did in Response

Back in October of 2024, Tesla investors and fanboys alike flocked to Hollywood for the company’s “We, Robot” event. The company’s backers hoped Musk would finally unveil the long-awaited “$25,000 Tesla” — a lower-budget EV that was sure to rejuvenate sales as the costly Cybertruck flopped — but what they got was anything but. Instead, the… Continue reading An Internal Tesla Analysis Found the Robotaxi Would Lose Money, and You’ll Never Guess What Elon Musk Did in Response

Lyft to buy taxi app Free Now for $200 million to expand into Europe

Lyft logo is seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal. The company said that the acquisition — Lyft’s first in Europe — is expected to close in… Continue reading Lyft to buy taxi app Free Now for $200 million to expand into Europe

German FAZ: Uber-rival Lyft is expanding to Europe009178

The fight for the taxi business in Germany and Europe continues to pick up speed. The American trip broker Lyft buys the Hamburg taxi platform Free Now and is thus entering the European market. The Lyft CEO David Risher and Free Now boss Thomas Zimmermann announced this in an interview with the F.A.Z. to. “Free… Continue reading German FAZ: Uber-rival Lyft is expanding to Europe009178

German Manager Magazin: Freenow: BMW and Mercedes Sell Taxi brokers to Lyft004132

The car manufacturers Mercedes Benz and BMW Sell ​​your taxi app to the US driving agent Lyft. The purchase price was around 175 million euros in cash, Freenow announced on Wednesday. The completion of the transaction, provided the authorities are approved, is expected for the second half of 2025. In 2019, BMW and Mercedes founded… Continue reading German Manager Magazin: Freenow: BMW and Mercedes Sell Taxi brokers to Lyft004132

Lyft Acquires Freenow

Lyft, Inc. (Nasdaq: LYFT), a San Francisco, CA-based ride hailing marketplace, acquired Freenow, a Hamburg, Germany-based multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately €175M. The acquisition is aligned with Lyft’s capital allocation strategy of investing in new growth opportunities. The transaction is expected to close… Continue reading Lyft Acquires Freenow

Lyft gets a toehold in Europe with FreeNow acquisition

FreeNow, which aggregates taxis and private car services, is being bought by Lyft for about $198 million. FreeNow, which aggregates taxis and private car services, is being bought by Lyft for about $198 million. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has… Continue reading Lyft gets a toehold in Europe with FreeNow acquisition

Lyft to buy taxi app FREENOW for $197M to enter Europe

Ride-hailing giant Lyft said it has agreed to acquire FREENOW, a German multi-mobility app with ride-hail at its core, from BMW and Mercedes-Benz Mobility for about $197 million in cash.  The acquisition opens up the European market to Lyft for the first time. The company has only operated in the U.S. and Canada since it… Continue reading Lyft to buy taxi app FREENOW for $197M to enter Europe