TOKYO, Apr 27, 2021 – (JCN Newswire) – Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world. This marks the first major deal for the newly established Woven Planet. The deal… Continue reading @Toyota: Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft’s Level 5 Division to Accelerate Software Innovation for Automated Drivin…
Tag: Lyft
Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its… Continue reading Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August… Continue reading 4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic (UBER)
Uber saw record demand for its ride-hailing services in March, it said Monday The company also hit another record for its delivery services. Uber faces some difficulty finding drivers to meet post-pandemic demand for its services. See more stories on Insider’s business page. Uber on Monday revealed record bookings for the month of March 2021,… Continue reading Uber reveals March bookings were the highest in company history as ride-hailing rebounds from the pandemic (UBER)
Planning on Renting Your Vehicles on a P2P Platform for Gig Drivers? Be Aware of the Risks
For gig platforms that self-insure for collision and liability, whatever is paid out in an accident beyond whatever deductible is stated is coming out of the platform owner’s pocket, not an insurance provider. Photo via Pixabay/cdz. A lawsuit recently made headlines that, for anyone that knows the peer-to-peer (P2P) rental industry, is regrettable but inevitable… Continue reading Planning on Renting Your Vehicles on a P2P Platform for Gig Drivers? Be Aware of the Risks
Polestar is building a zero-emissions car without ‘cop-out’ carbon offsets
Swedish electric performance automaker Polestar says it will build the world’s first truly zero-emissions vehicle without relying on carbon offsets, which it described as a “cop-out.” The company, which was spun out of Volvo and Volvo’s parent company Geely, framed its effort to cut carbon emissions by changing the way its cars are made as… Continue reading Polestar is building a zero-emissions car without ‘cop-out’ carbon offsets
The Station: Argo AI plots its fundraising course and Waymo changes leadership
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Argo AI plots its fundraising course and Waymo changes leadership
The Future of Urban Travel™: ORION Electronics Company, Inc
By 2030, the micro-mobility market is projected to exceed $300bn in the US and $900bn globally (McKinsey). ORION’s founder and CEO Paul Perkins, says, “The millions of essential Americans who make less than $30k a year are the most in need of micro-mobility options but are being left out and overlooked by existing rideshare companies… Continue reading The Future of Urban Travel™: ORION Electronics Company, Inc
Hyundai IONIQ 5 will be Motional and Lyft’s first robotaxi
Motional will integrate its driverless technology into Hyundai’s new all-electric SUV to create the company’s first robotaxi. At the start of 2023, customers in certain markets will be able to book the fully electric, fully autonomous taxi through the Lyft app. The Hyundai IONIQ 5, which was revealed in February with a consumer release date… Continue reading Hyundai IONIQ 5 will be Motional and Lyft’s first robotaxi