Tag: Uber

VW to build new SUV at Chattanooga plant

Share This Story! Let friends in your social network know what you are reading about VW to build new SUV at Chattanooga plant The German automaker will invest $340 million to bring the vehicle to market Post to Facebook Sent! A link has been sent to your friend’s email address. Posted! A link has been… Continue reading VW to build new SUV at Chattanooga plant

Uber’s fatal self-driving car crash prompts NTSB investigation

The National Transportation Safety Board is opening an investigation into the fatal accident involving one of Uber’s self-driving cars in Tempe, Arizona. NTSB sending team to investigate Uber crash in Tempe, Arizona. More to come. — NTSB_Newsroom (@NTSB_Newsroom) March 19, 2018 Uber’s self-driving car accident that resulted in a woman’s death raises a number of… Continue reading Uber’s fatal self-driving car crash prompts NTSB investigation

Uber halts self-driving car tests after death

Uber has said it is suspending self-driving car tests in all US cities after a fatal accident. A woman was hit by a car and killed as she crossed the street in Tempe, Arizona. Uber said it was cooperating with local authorities in Arizona following the crash. The death comes a year after Uber took… Continue reading Uber halts self-driving car tests after death

Uber said to be negotiating sale of self-driving tech to Toyota

Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of… Continue reading Uber said to be negotiating sale of self-driving tech to Toyota

Lyft is testing monthly subscriptions for riders

Lyft is testing a monthly subscription plan for people who tend to take a lot of rides, The Verge first reported. This is no surprise, given Lyft CEO and co-founder Logan Green said earlier this week Lyft would like to achieve in transportation what Netflix achieved in streaming media with subscriptions. There seems to be… Continue reading Lyft is testing monthly subscriptions for riders

Lyft is testing a Netflix-style monthly subscription plan

Lyft is testing monthly subscription plans for high-frequency users, a sign that the company is shifting toward a Netflix or Spotify model for transportation. The terms of the subscription models seem to vary, but appear targeted at users who spend up to $450 on ride-hailing a month. One all-access pass offered up to 30 standard… Continue reading Lyft is testing a Netflix-style monthly subscription plan

UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars

WASHINGTON (Reuters) – General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. A self-driving GM Bolt EV is seen during a media event where Cruise,… Continue reading UPDATE 1-GM to invest $100 million to upgrade facilities to build self-driving cars

Auto parts maker Magna invests $200 million in Lyft

(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft

Lyft says it passed $1 billion in GAAP revenue in 2017

Ride hailing company Lyft says it booked over $1 billion in GAAP revenue for 2018, and showed revenue growth of 168% in Q4 versus the prior year’s quarter. That growth is nearly 3 times as fast as Uber, which saw a 61% increase in revenue in Q4 vs a year ago. It’s also claiming 10… Continue reading Lyft says it passed $1 billion in GAAP revenue in 2017