Here is the most important news associated with the automotive industry identified by the SEA for the week January 15, 2018 – January 21, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- Save The Date! The next AEA Members Reception will be held… Continue reading Top Automotive Industry News for Week of January 15 – January 21, 2017
Tag: Uber
Uber ignores security bug that makes its two-factor authentication useless
(Image: file photo) Uber has ignored a security bug that can allow an attacker to hack into user accounts by bypassing two-factor authentication because the ride sharing company says the flaw “isn’t a particularly severe” issue. Two-factor authentication (2FA) is a vital part of protecting online accounts. It adds a second layer of security on… Continue reading Uber ignores security bug that makes its two-factor authentication useless
After Whirlwind 2017, May Mobility Plans to Expand Driverless Fleet
May Mobility, the autonomous vehicle startup based in Ann Arbor, MI, had an action-packed 2017. The company launched in January, completed a stint in the Y Combinator accelerator over the summer, put driverless shuttles on downtown Detroit streets through a small pilot program in October, and raised more than $11 million over the course of… Continue reading After Whirlwind 2017, May Mobility Plans to Expand Driverless Fleet
Lyft Is Inspiring More People to Give Up Their Own Cars
Photo illustration by Slate. Photo by iStock. 2017 was a good year for Lyft. The company got a $1 billion cash infusion from Alphabet, Google’s parent company. It embarked upon new partnerships on the research-and-development front. And its main competitor Uber suffered a year of sexual harassment allegations, lawsuits, and executive turnover. Coincidentally, Lyft had… Continue reading Lyft Is Inspiring More People to Give Up Their Own Cars
Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
January 18, 2018 Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also… Continue reading Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
Mvix Launches App for Displaying Uber and Lyft on Digital Signs
STERLING, Va., Jan. 18, 2018 /PRNewswire/ — Mvix, a leading provider of content-rich digital signage software and solutions, announced the launch of a custom Rideshare app for displaying Uber and Lyft directly on digital signage screens. The Rideshare app uses the customer’s address as the pickup location and displays custom, localized information, such as: The app… Continue reading Mvix Launches App for Displaying Uber and Lyft on Digital Signs
Uber partners with taxi firm ComfortDelGro for new Singapore service
SINGAPORE (Reuters) – Uber Technologies [UBER.UL] and Singapore’s top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will connect riders to drivers closest to them – either a private vehicle or a taxi, is the first… Continue reading Uber partners with taxi firm ComfortDelGro for new Singapore service
BMW Ranks First, Subaru Rated Worst in Survey by Climate Lobby
As automakers pour billions of dollars into preparing for electric vehicles and stricter emission controls, among other changes in the industry, an environmental lobby has handed out progress reports. The Carbon Disclosure Project ranked responses from 16 manufacturers on three main issues: Progress towards meeting emissions standards Strategies on using self-driving technology and renewable energies Management incentives… Continue reading BMW Ranks First, Subaru Rated Worst in Survey by Climate Lobby
Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) series A round from various investors, at a valuation of over RMB10 billion (US$1.6 billion), according to its official Weibo account. The identity of investors in the round was not disclosed. Launched in 2015, Hangzhou-based Caocao… Continue reading Geely-backed Chinese Ride-Sharing Firm Caocao Zhuanche Raises $156M Series A Round At $1.6B Valuation
Lyft opens up Concierge, its ride-booking service for businesses, to all
Lyft today announced it’s expanding its Concierge program – the service that allows organizations to schedule rides for other people – to more business customers. First announced in 2016, the service was originally designed to help patients get to medical appointments, particularly in areas where they may not have a car of their own, like… Continue reading Lyft opens up Concierge, its ride-booking service for businesses, to all