Tag: Lyft

Uber and Lyft unveiled new subscription plans. But are they really worth the money?

On Tuesday, Uber rolled out Ride Pass, a subscription plan in which customers pay $14.99 monthly (or $24.99 in Los Angeles) to avoid surge pricing. The plan, which Uber is marketing as “an affordable option people can use for their everyday transportation needs,” is only available in Los Angeles, Austin, Orlando, Denver, and Miami for… Continue reading Uber and Lyft unveiled new subscription plans. But are they really worth the money?

Lyft Welcomes Two Executives to Focus on Expanding Services to Drivers

At Lyft, we want to give drivers everything they need to succeed at their goals both on and off the road. We’re furthering that commitment by adding two seasoned executives to the Lyft family. Chris Donus and Rajiv Bhatia join us as Vice President of Express Drive and Head of Driver Product, respectively. Chris and… Continue reading Lyft Welcomes Two Executives to Focus on Expanding Services to Drivers

General Motors bets €4.3bn on the long road to safe driverless taxi

By Heather Somerville It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by… Continue reading General Motors bets €4.3bn on the long road to safe driverless taxi

Tesla ‘obviously’ plans to take on Uber and Lyft, says CEO Elon Musk

Tesla just posted a big earnings beat — Here's what three experts say investors should know
2 Hours Ago | 02:05

On a third-quarter earnings call, Tesla CEO Elon Musk said the company “obviously” plans to jump into ride-hailing in the era of self-driving cars.

“Tesla will operate its own ride-hailing services and compete directly with Uber and Lyft, obviously.” Musk said.

Tesla's platform, which is not yet operational, will give customers the ability to “offer their car, add or subtract to the fleet at will,” Musk said. Tesla plans to run a company-owned fleet of autonomous vehicles to pick up passengers wherever or whenever there are not enough customer cars to be lent out, he said comparing this service to the peer-to-peer lodgings business of Airbnb.

Tesla, along with the rest of the automotive industry, is racing to develop true self-driving capabilities for its vehicles that go well beyond the company's current Autopilot offering.

Today's Autopilot is a “driver assistance” system that can handle some driving tasks but requires drivers to keep their hands on the wheel at all times. In the second quarter of 2018, Tesla announced that it was developing its own chips to increase the capability of the computer that enables Autopilot features in its vehicles.

Tesla sells a “full self-driving” option to customers who are willing to pay now and wait– but the option is “off-menu,” not listed on the car company's website.

While full self-driving tech is still in development, Tesla's newest Autopilot Navigate features will enable drivers to automatically change lanes, handle forks in the road and take highway exits along a planned route, according to Tesla VP of Engineering Stuart Bowers who spoke on the third-quarter earnings call alongside Musk.

Both Uber and Lyft are expected to go public, potentially next year.

WATCH:
How Zoox plans to take on Uber and Lyft with its self-driving car

Start-up Zoox is working on making the roads safer with self-driving cars
12 Hours Ago | 06:11

GM’s driverless car bet faces long road ahead

SAN FRANCISCO (Reuters) – It’s one of the biggest bets going in the world of cars. A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville Since May, General Motors… Continue reading GM’s driverless car bet faces long road ahead

Lyft buys UK start-up Blue Vision on road to robo taxis

Lyft buys UK start-up Blue Vision on road to robo taxis  Financial Times Lyft buys an AR company to bolster its self-driving car efforts  Engadget Lyft unveils a new self-driving car and acquires an AR startup to help it build maps  The Verge Uber rival Lyft buys London start-up to boost driverless car plans  Telegraph.co.uk Full coverage Go to… Continue reading Lyft buys UK start-up Blue Vision on road to robo taxis

Uber considers minority investors for self-driving car unit: Report

Uber Technologies Inc is considering selling minority stakes in its costly self-driving car unit as the ride-hailing company tries to address rising cost pressures ahead of its initial public offering, the Financial Times reported on Wednesday. Uber received interest from potential investors and could spin off its Advanced Technologies Group into a separate business unit… Continue reading Uber considers minority investors for self-driving car unit: Report

Julia Haywood Joins Lyft as VP of Strategy

Lyft’s momentum is going strong as we add another key member to our executive team! We’re excited to announce that Julia Haywood has joined Lyft as Vice President of Strategy. Julia will own our market expansion strategy, which will include identifying, evaluating, and executing on growth opportunities for the business. Travel and transportation have always… Continue reading Julia Haywood Joins Lyft as VP of Strategy

Uber ‘could land $120bn price-tag’ in upcoming IPO

Uber could receive a valuation of as high as $120bn (£91bn) in its upcoming initial public offering, almost double the price-tag the ride-hailing company landed in August.  The proposals from US banks suggested Uber seek a valuation much higher than the $76bn it was valued at in August during its most recent fundraising round. They are also said… Continue reading Uber ‘could land $120bn price-tag’ in upcoming IPO