In the race to go public this year, Lyft has a head start on rival Uber — at least when it comes to unveiling the details about its planned initial public offering. And though Lyft is gaining market share and revenue, its losses continue to rise while the growth of its ridership slows—both factors that… Continue reading Lyft Delivers a Few Punches to Rivals in its IPO Filing
Tag: Uber
Electric trikes are the latest battery-powered gadgets to enter the ride-sharing world
Had your fill of all those dockless electric bikes and scooters littering the streets of cities across America? Hankering for something new, something different, maybe even something that looks sillier than a scooter? Gotcha, the bike- and scooter-share service, has got you to covered. (Pun intended.) Gotcha, which operates bike and scooter-sharing services on dozens… Continue reading Electric trikes are the latest battery-powered gadgets to enter the ride-sharing world
Lyft will give eligible drivers a one-time cash bonus up to $10K
Hardworking drivers, rejoice! As part of Lyft’s initial public offering, the transportation company is deciding to reward the drivers who form the backbone of the company’s core service. The program will give a maximum cash bonus of $10,000 to drivers “in good standing” who have completed at least 20,000 rides as of February 25, 2019.… Continue reading Lyft will give eligible drivers a one-time cash bonus up to $10K
Sixt merges car sharing and car rental: “We are responsible for car dealership”
DPA Alexander Sixt is the head of strategy of the car rental company of the same name and the eldest son of company founder Erich Sixt With its new, global mobility platform “One”, Germany’s largest car rental company now offers Sixt Car rental, car sharing and travel services in a single app on. Strategy director… Continue reading Sixt merges car sharing and car rental: “We are responsible for car dealership”
$35,000 Tesla Model 3, “Full Self-Driving” returns, BMW-Mercedes car sharing: Today’s Car News
Smart Forease+ concept
Tesla announced it will sell the base $35,000 Model 3 this month, and will only sell cars online going forward. At the same time, CEO Elon Musk announced plans for the company's long-awaited Full Self-Driving system. The U.S. Senate confirmed Andrew Wheeler as permanent EPA Administrator. Daimler teamed up with BMW to develop car- and ride-sharing programs, as well as full-self-driving systems. And we take a closer look at the battery cooling system that NIO plans to use on its upcoming Tesla fighter. All this and more on Green Car Reports.
After a year of delay, Tesla CEO Elon Musk announced Thursday that the company will begin building the long-awaited base version of the Tesla Model 3, perhaps finally selling the car that hundreds of thousands gave Tesla a deposit to buy two years ago. At the same time, Musk announced that the company will close many of its stores and begin selling entirely online and revealed details of Tesla's upcoming Full Self-Driving system.
The Senate confirmed Acting EPA Administrator Andrew Wheeler, who has rolled back emissions regulations, to permanently head the agency.
Mercedes-Benz's parent company Daimler teamed with rival BMW to develop ride- and car-sharing programs around the world, as well as a full self-driving system.
We get a first look at the battery cooling system that Chinese luxury electric carmaker NIO will use in its upcoming luxury electric cars.
Daimler's existing electric city-car brand, Smart, has developed a new concept for next week's Geneva auto show with a removable, hard-shelled fabric roof.
Finally, in sunny Sacramento, California, Uber's Jump bikes are proving more popular than its cars.
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Uber in advanced talks to buy Middle East rival Careem – Bloomberg
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter. The companies may announce a cash-and-stock transaction that values… Continue reading Uber in advanced talks to buy Middle East rival Careem – Bloomberg
SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo
SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales… Continue reading SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo
Antler Launches in Amsterdam, London and Sydney
After launching programs in Singapore and Stockholm, global startup generator and early-stage VC Antler today debuts in Amsterdam, London and Sydney. Founded by Magnus Grimeland, co-founder of Zalora, the Rocket Internet VC backed e-commerce platform, Antler builds companies from the ground up, starting with one ambitious individual with a specific skill, strong inner drive and… Continue reading Antler Launches in Amsterdam, London and Sydney
Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service. Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbike taxi on-demand services to a limited part of Thai capital city Bangkok, now… Continue reading Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Egyptian Court Lifts Ride-Hailing Ban
The lower court’s March ruling suspended ride-hailing service in the country after taxi drivers filed an unfair competition complaint. Photo via Depositphotos. Egypt’s top court ruled in favor of ride-hailing services Saturday, lifting a ban imposed by a lower court, according to Middle East Online. The lower court’s March ruling suspended ride-hailing service in the… Continue reading Egyptian Court Lifts Ride-Hailing Ban