Medford Mayor Breanna Lungo-Koehn and Malden City Councilor Stephen Winslow joined Blue Cross Blue Shield of Massachusetts and Lyft for celebratory event MEDFORD, Mass., Oct. 17, 2022 /PRNewswire/ — The Cities of Medford and Malden today announced they will be joining Bluebikes, Metro Boston’s public bike share system. By adding a total of six new stations across… Continue reading Malden and Medford Join Bluebikes, Metro Boston’s Public Bike Share System
Tag: Lyft
Lyft increases service fees for riders amid rising insurance costs
Lyft is increasing the service fees its riders in the U.S. pay for each ride. The rise in cost, which will go directly to Lyft, aims to cover the higher costs of insurance, reports Reuters. Lyft’s service fees pay for overhead costs like driver insurance and security background checks. The company expected a rise in insurance… Continue reading Lyft increases service fees for riders amid rising insurance costs
Tax the rich for more EVs? California Democrats split
A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: Gov. Gavin Newsom. That’s put the Democratic governor on the opposite side of his own… Continue reading Tax the rich for more EVs? California Democrats split
Inside Motional’s strategy to bring robotaxis to market
Motional, the Hyundai-Aptiv joint venture that aims to commercialize autonomous driving technology, announced last week its partnership with Uber to bring robotaxi services to North American cities over the next 10 years. The Uber deal comes off the back of similar partnerships with Via and Lyft to launch robotaxi services in Las Vegas. Sensing a… Continue reading Inside Motional’s strategy to bring robotaxis to market
Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks
The stock prices of Uber, Lyft and DoorDash slid on Tuesday after the Department of Labor announced proposed changes to how workers should be classified. The prospective guidance is intended to “combat employee misclassification,” the federal agency said in a statement. Soon after, Uber’s share price dropped by more than 10% to $24.61, while Lyft’s… Continue reading Federal gig worker proposal tanks Uber, Lyft and DoorDash stocks
Lyft exec was wrong about driverless vehicles — but he still believes in their potential
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images DETROIT — In 2016, Lyft… Continue reading Lyft exec was wrong about driverless vehicles — but he still believes in their potential
Motional and Uber cooperate for 10 years
Aptiv and Hyundai’s company, Motional, struck a 10-year commercial agreement with ride-hailing service provider Uber. motional is an association of aptive and Hyundai, which are common especially in Las Vegas offer a robot taxi service. You are already competing with them Via, but also with lyft have already worked together. Now you are cooperating with… Continue reading Motional and Uber cooperate for 10 years
Ride Hailing Services Market to observe USD 44.17 Bn incremental growth; Beijing Xiaoju Technology Co. Ltd., BMW AG, and Carshare Australia Pty Ltd. emerge as key vendors — Technavio
NEW YORK, Oct. 10, 2022 /PRNewswire/ — The global ride hailing services market size is expected to grow by USD 44.17 billion between 2020 and 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 13.53% during the forecast period. The report identifies Beijing Xiaoju Technology Co. Ltd., BMW… Continue reading Ride Hailing Services Market to observe USD 44.17 Bn incremental growth; Beijing Xiaoju Technology Co. Ltd., BMW AG, and Carshare Australia Pty Ltd. emerge as key vendors — Technavio
Mobility Demand Market to grow by USD 198.21 by 2026, Growing Interest In Self-driving Vehicles to Boost Market Growth – Technavio
NEW YORK, Oct. 10, 2022 /PRNewswire/ — The Mobility Demand Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the mobility demand market between 2021 and 2026 is USD 198.21 billion. To get… Continue reading Mobility Demand Market to grow by USD 198.21 by 2026, Growing Interest In Self-driving Vehicles to Boost Market Growth – Technavio
Uber and Motional to launch robotaxis across US over 10 years
Uber is getting back into the robotaxi game, only this time it’s tapping a third party to handle the self-driving tech. Motional, the Aptiv-Hyundai joint venture commercializing self-driving vehicle tech, will put its robotaxis on the Uber network later this year as part of a 10-year operating agreement that will eventually roll out to major… Continue reading Uber and Motional to launch robotaxis across US over 10 years