Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km… Continue reading China’s Didi Chuxing continues its international expansion with Australia launch
Tag: Lyft
A Chennai girl’s rise from Madras University to General Motors’s first female CFO
In an industry not exactly known for its diversity, an iconic American carmaker has appointed its first female chief financial officer (CFO). And she’s from Chennai, India. On June 13, General Motors (GM), the maker of Buick, Cadillac, and Chevrolet cars, said that 39-year-old Dhivya Suryadevara will take over as CFO in September. Suryadevara joined… Continue reading A Chennai girl’s rise from Madras University to General Motors’s first female CFO
GM names female CFO, broadening diversity at top
The Detroit News Published 12:07 p.m. ET June 13, 2018 | Updated 7:54 p.m. ET June 13, 2018 Dhivya Suryadevara will be GM’s first female CFO. (GM) (Photo: John F. Martin, John F. Martin for General Motor) General Motors Co. has named its first female chief financial officer, bringing further diversity to the executive ranks of the… Continue reading GM names female CFO, broadening diversity at top
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Scooter startup Bird is reportedly about to hit a $2B valuation
More financing is coming in for Bird, this time potentially valuing the company at $2 billion, according to a new report by Axios. There’s not a ton to add here compared to the last round (which happened just weeks ago), as the same dynamics are probably in play here. While Uber was a bet on… Continue reading Scooter startup Bird is reportedly about to hit a $2B valuation
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake. FILE PHOTO – General Motors CEO Mary Barra attends as U.S. President Donald Trump meets with chief executives… Continue reading GM has no projects underway with Lyft, CEO Barra says
Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Uber is reportedly looking into buying Motivate, the company that makes Ford GoBike’s in the San Francisco Bay Area and Citi Bike over on the East Coast. This comes following reports of Lyft getting close to purchasing Motivate in a $250 million deal. Uber bought bike-share startup JUMP, a dockless, electric bike-share service, earlier this… Continue reading Uber is looking to buy the bike-share company behind Citi Bike and Ford GoBike
Uber is set to join the San Francisco scooter craze
PhotoAlto/Frederic Cirou Uber reportedly wants a piece of the growing scooter-sharing biz in San Francisco: according to Axios, the ride-hailing giant has submitted an application for the city’s upcoming scooter-sharing program. San Francisco created the year-long program in an effort to regulate the new means of transportation, because its sudden popularity and the lack of… Continue reading Uber is set to join the San Francisco scooter craze
Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
LOS ANGELES, June 7, 2018 /PRNewswire/ — Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a… Continue reading Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
Lyft is redesigning its app to emphasize carpooling and mass transit
Lyft’s app for riders is getting a fresh new look, with a greater emphasis put on shared rides and public transportation. It’s Lyft first redesign in almost three years, and will begin rolling out to everyone who uses the ride-hailing service by the end of June, the company said today. There will be some major… Continue reading Lyft is redesigning its app to emphasize carpooling and mass transit