April 11, 2018 Singapore’s largest taxi operator ComfortDelGro has announced that it will acquire the private bus chartering assets of AZ Bus Pte Ltd for $10.25 million as it seeks to consolidate its position in the industry. In a statement, ComfortDelGro said, the acquisition will be conducted by its bus operation arm ComfortDelGro Bus Pte Ltd.… Continue reading Singapore taxi firm ComfortDelGro to acquire AZ Bus charter assets for $10.25m
Tag: Uber
Uber suffers further setback from Europe’s top court
This isn’t really surprising if you’ve been following Uber’s legal woes. But the Court of Justice of the European Union has confirmed to Uber France that Uber is operating a transportation company. Member countries can prohibit or punish Uber in their own countries without involving the European Union. Over the past few years, Uber has… Continue reading Uber suffers further setback from Europe’s top court
Ally and Fair Announce Strategic Alliance
DETROIT, April 10, 2018 /PRNewswire/ — Ally Financial Inc. and Fair today announced a strategic relationship in which Fair will use Ally’s SmartAuction as a remarketing solution for its returned cars, and offer consumers flexible car financing powered by Ally’s Clearlane program. Under the agreement, vehicles returned to Fair as a result of a customer exiting… Continue reading Ally and Fair Announce Strategic Alliance
Uber moves into multimodal transportation with acquisition of bike-share startup JUMP
Uber is acquiring JUMP, a dockless, electric bike share startup. (Uber Photo) Uber is expanding further into the competitive dockless bike-sharing space with the acquisition of JUMP. JUMP CEO Ryan Rzepecki announced his electric bike-sharing startup will join Uber but retain its distinct brand in a blog post Monday. Terms of the deal were not disclosed… Continue reading Uber moves into multimodal transportation with acquisition of bike-share startup JUMP
UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
Uber acquires bike-share startup JUMP
Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that… Continue reading Uber acquires bike-share startup JUMP
Lyft Expands Subscription Ride-Hailing Test to Dozens of Cities
Lyft Inc. is testing a subscription service in more than two dozen cites, hoping to lock in customers as competition with Uber Technologies Inc. heats up in the U.S. In recent weeks, the San Francisco-based company began experimenting with a variety of subscription packages, now available in 30 markets. Lyft President John Zimmer said he… Continue reading Lyft Expands Subscription Ride-Hailing Test to Dozens of Cities
China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
LightRocket via Getty Images In December, Reuters reported that China’s Didi Chuxing ride-hailing company would be expanding its business into Mexico, taking on rival Uber, which has the largest foothold in the country. Now, Reuters reports that the company is actively recruiting drivers and plans a launch in Toluca, Mexico. Sources familiar with the plan… Continue reading China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
Grab delays shuttering Uber app in Southeast Asia as Singapore probes merger deal
Fans of Uber in Southeast Asia will have a little more time to continue using the app after Grab, the rival that is acquiring Uber’s business in the region, agreed to extend the life of the app until April 15 while Singapore’s competition commission reviews the merger deal. Grab had originally intended to close the… Continue reading Grab delays shuttering Uber app in Southeast Asia as Singapore probes merger deal
Uber rival Didi makes Mexico launch official, recruits drivers
MEXICO CITY/SAN FRANCISCO (Reuters) – Chinese ride-hailing company Didi Chuxing has publicly launched in Mexico with a website advertising its service to drivers and passengers and setting the stage for a potentially expensive showdown with rival Uber. FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016.… Continue reading Uber rival Didi makes Mexico launch official, recruits drivers