Free Now, Uber’s big ride-hailing competitor in Europe, says its overall European operations are profitable in contrast to US rivals. Free Now also won a two-year license to operate in London in August. Uber meanwhile is scrabbling to appeal a 2019 decision to scrap its London license. Free Now is owned by two European car… Continue reading BMW and Daimler’s ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
Tag: Lyft
Ride-hailing’s collapsing house of cards
Uber and Lyft need to prove they’re economically viable, but doing so while keeping its customer base seems impossible. Go to Source
Lyft: Lyft Announces Second Quarter Results
Results reflect strong cost management and execution in challenging environment Ended quarter with $2.8 billion of unrestricted cash, cash equivalents and short-term investments SAN FRANCISCO, Aug. 12, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its second quarter ended June 30, 2020. “While rideshare rides in the quarter were down significantly… Continue reading Lyft: Lyft Announces Second Quarter Results
Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
California’s labor commissioner announced Wednesday that her office is suing Uber and Lyft, claiming the companies are stealing wages from drivers by “willfully misclassifying” them as contractors instead of employees. The suit alleges that Uber and Lyft have failed to pay drivers minimum wage, sick pay, unemployment, and other benefits guaranteed to employees under state law.… Continue reading Uber and Lyft just got hit with another lawsuit in California over claims the companies are skirting the state’s gig worker law (UBER, LYFT)
@niche: Perception for Automated Trucking
The highway as seen by an automated truck By Lance Martin and Alvin Zhang Few industries have gained more prominence this year than logistics. With millions at home sheltering in place, there is unprecedented demand for delivery of food and other essential items. People across the country are realizing they should #ThankATrucker. At Ike, we believe… Continue reading @niche: Perception for Automated Trucking
Buckle Raises $31M in Series A Funding
Buckle, a Jersey City, N.J.-based tech-enabled financial services company, raised $31m in Series A funding. The round was co-led by HSCM Bermuda and Eos Venture Partners. The company is using the funds to launch other products and partnerships as it expands nationwide. Led by Dustin Walsey, co-founder, Buckle provides offers total insurance coverage specifically for… Continue reading Buckle Raises $31M in Series A Funding
Lyft: Lyft Partners with SIXT to Expand Friction-Free Car Rentals Nationwide
Lyft continues to lead in providing “All-In-One-App” personal transportation solutions with the expansion of Lyft Rentals through partnership with SIXT, bringing a high-quality rental experience to consumers across the US.SAN FRANCISCO, July 30, 2020 (GLOBE NEWSWIRE) — Following the success of Lyft Rentals in California, we are excited to bring our best-in-class car rental experience… Continue reading Lyft: Lyft Partners with SIXT to Expand Friction-Free Car Rentals Nationwide
Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)
Lyft is expanding its car-rental option to the entire US, the company said Thursday. The coronavirus pandemic hobbled Lyft’s core taxi business, and its losses are expected to triple in the second quarter. The expansion is possible via a partnership with Sixt, a German rental company that’s aggressively expanding in the US despite a recession. … Continue reading Lyft is expanding car rentals across the US as the coronavirus hobbles its core rides business (LYFT)
Lyft expands its rental business with Sixt partnership
Lyft continues to expand beyond its core ride-hailing business into bikes, scooters, transit and now rental cars. The company said Thursday that it’s taking Lyft Rentals, a pilot program that launched in December, and expanding it through a partnership with Sixt. Lyft Rentals initially gave folks in Los Angeles and San Francisco the ability to… Continue reading Lyft expands its rental business with Sixt partnership
Lyft partners with rental group Sixt to target carless city dwellers
(Reuters) – Lyft Inc said on Thursday it has partnered with the U.S. unit of German rental car group Sixt SE to expand its in-app rental business to carless city dwellers eager to take a trip. The stock price of Lyft Inc. is seen on a display after the company’s IPO at the Nasdaq Market… Continue reading Lyft partners with rental group Sixt to target carless city dwellers