Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
Tag: Lyft
Drive.ai Launches Robot Car Pilot in Texas With a Focus on Humans
Photo: Evan Ackerman/IEEE Spectrum Advertisement Editor’s Picks Self-driving vehicle startup Drive.ai has only been around since 2015, but has moved aggressively toward getting autonomous cars out into the world to do useful things safely and efficiently. Drive struck a partnership with Lyft last September to test its technology with the ride-sharing service in San Francisco,… Continue reading Drive.ai Launches Robot Car Pilot in Texas With a Focus on Humans
Lyft’s monthly subscription plan gets a waitlist
Lyft is moving ahead with tests of the All-Access plan, a monthly subscription service for rides through the Lyft platform. In the next couple of hours, a select group of riders will see an option to sign up for a waitlist to be part of Lyft’s next round of All-Access invitations. “Testing our newest All-Access… Continue reading Lyft’s monthly subscription plan gets a waitlist
Walmart ends grocery delivery deal with Uber and Lyft
In 2016, Walmart announced that it would begin testing grocery delivery in conjunction with Uber and Lyft. Today, however, Reuters reports that those partnerships have come to an end, which was confirmed by Walmart and Uber. TechCrunch first reported in 2015 about Uber’s plans to launch a merchant delivery system, wherein goods from retailers would… Continue reading Walmart ends grocery delivery deal with Uber and Lyft
Uber will halt Walmart grocery deliveries next month
Shutterstock In 2016, Walmart announced that it would be teaming up with Uber and Lyft for grocery deliveries. Though the trial with Lyft never broke out of its initial Denver test market, Walmart’s partnership with Uber expanded from Phoenix to Tampa, Dallas and Orlando. But that’s now coming to a close, Reuters reports, as Uber… Continue reading Uber will halt Walmart grocery deliveries next month
Riding During Busy Hours
To provide passengers with the most reliable service, we need to make sure drivers are on the road when and where you need a ride. When many passengers in your area request at the same time, ride prices will likely be higher than normal. To help anticipate busy hours, you can expect higher demand during… Continue reading Riding During Busy Hours
Top Automotive Industry News for Week of April 30 – May 6, 2018
Here is the most important news associated with the automotive industry identified by the AEA for the week April 30, 2018 – May 6, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- All new cars and SUVs sold in the US must now… Continue reading Top Automotive Industry News for Week of April 30 – May 6, 2018
Elon Musk offers more detail about Tesla’s ridesharing network
On Tesla’s Q1 2018 earnings call today, Tesla CEO Elon Musk shed some light on the company’s ambitions to launch an autonomous vehicle ridesharing network. The short answer is that, from a technical standpoint, Tesla will be ready by the end of next year, Musk said. It’s not yet clear, however, when Tesla would actually… Continue reading Elon Musk offers more detail about Tesla’s ridesharing network
Rents impacted by new transit options, new study details
Few things can guarantee a premium price for new housing like transit access. Demand so far outstrips supply in the United States, that the relative handful of walkable, transit-rich neighborhoods often become the most expensive places to live in their respective cities. A study by the National Association of Realtors and the American Public Transit… Continue reading Rents impacted by new transit options, new study details
Lyft commits $1.5 million to help people who lack access to transportation
Lyft is committing $1.5 million to its Relief Rides program. The idea has historically been to better support people during times of crisis, such as natural disasters or other emergency situations. Now, Lyft is expanding its reach to help people who many need rides to job interviews or medical appointments. One of the partners Lyft… Continue reading Lyft commits $1.5 million to help people who lack access to transportation