FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid (Reuters) – Lyft Inc (LYFT.O) said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against the coronavirus outbreak… Continue reading Lyft offers new cheaper rides with more waiting time
Tag: Mobility
Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery
Brussels, 5 May 2020 – COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. The European automotive sector, which has been hit particularly badly, proposes a plan comprised of 25 key actions to ensure a strong restart of the sector and… Continue reading Press Releases – COVID-19: Automotive sector calls for vehicle renewal incentives to kickstart economic recovery
Publications – Paper: 25 actions for a successful restart of the EU’s automotive sector
The European automotive sector wants to contribute to a policy response to COVID-19 that ensures public health, minimises the impact on the economy and maintains a focus on the overarching objectives of our time: the digital and carbon-neutral society. This paper, issued jointly by the four associations representing the EU automotive sector (ACEA, CECRA, CLEPA… Continue reading Publications – Paper: 25 actions for a successful restart of the EU’s automotive sector
Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years
Uber is reportedly considering leading a $170 million emergency fundraising round for the scooter startup Lime, according to the Information. The terms of the deal will hit the scooter startup hard. The round will reportedly slash Lime’s valuation to $510 million, a 79% slide from the startup’s whopping valuation of $2.4 billion in 2018. As… Continue reading Uber is reportedly considering another investment in Lime, in a round that would sink the embattled scooter startup’s valuation by nearly 80% — and give Uber the option to buy it in 2 years
CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis
JERUSALEM/NEW YORK (Reuters) – Chipmaker Intel Corp (INTC.O) has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving “robotaxis” that could take to the streets in early 2022, the company said on Monday. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is seen on their “smart building” in Petah… Continue reading CORRECTED-UPDATE 2-Intel buys Moovit transit app for $900 mln to help develop robotaxis
The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch.… Continue reading The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app
Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the COVID-19 pandemic. The layoffs will affect more than 530 employees. Employees who are laid off will receive at least three months’ severance pay, one… Continue reading Uber subsidiary Careem to slash workforce by 31%, suspends bus transport app
Audi gives up plan for hands-off autonomy for next A8
Despite all the hype about high levels of vehicle autonomy, drivers always need to keep their hands on the wheel. Audi had planned to be the first automaker to introduce so-called Level 3 autonomy, where you could take your eyes off the road and let the car drive. But the combination of legislative uncertainty and… Continue reading Audi gives up plan for hands-off autonomy for next A8
@Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
All Toyota GB vehicles listed on London-based car sharing service, hiyacar, made available to key workers with rental fee waived 571 days’ worth of Toyota car loans taken up by key workers to date Cars being positioned at hospitals for ease of access Doctors, nurses and police officers are top users of service Toyota GB… Continue reading @Toyota: Toyota keeps the capital’s key workers moving through car sharing service, hiyacar
Europcar Secures New Funding
The Group remains in negotiation with other corporate countries on potential State Guarantee loans to reinforce its liquidity within the global financing framework. Photo via Depositphotos. As part of the continuation of its cost-saving and cash preservation Europcar Mobility Group today announced the completion of a financing scheme, which aims to secure liquidity to face the COVID-19 crisis and meet anticipated… Continue reading Europcar Secures New Funding