GM's self-driving division Cruise said on Wednesday it was delaying the commercial deployment of cars past its target of 2019, as more testing of the vehicles was required. Cruise is testing its fleet of self-driving Chevy Bolt EVs in San Francisco for a planned autonomous ride-hailing service.
Eric Walz2019-07-24 11:00 PT
Uber Technologies Inc's stock opened Friday down 6.7% in its first day of trading on the New York Stock Exchange. Uber’s listing today was the ninth-largest U.S. IPO of all time.
Eric Walz2019-05-10 12:12 PT
Ride-hailing giant Uber will list its shares tomorrow on the New York Stock Exchange in one of the most anticipated IPO’s in recent history. However, on the eve of Uber’s IPO, its chief rival Lyft is sitting on the sidelines as its stock falls to the lowest level since its own IPO in March.
Eric Walz2019-05-08 19:01 PT
Ride-hailing giant Uber announced today its rolling out a new program called “Uber Vouchers” that allows businesses to offer free or subsidized Uber rides to customers. The program is targeting at businesses as a way to bring in more customers.
FutureCar Staff 2019-04-09 14:35 PT
Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.
FutureCar Staff 2019-04-02 13:00 PT
Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.
FutureCar Staff 2019-03-28 18:44 PT
Lyft Inc. filed for a U.S. initial public offering (IPO) today, becoming the first ride-hailing company to go public The IPO filing has also lifted the lid on Lyft’s financial picture, giving investors a first look at the company’s financial information.
FutureCar Staff 2019-03-01 14:39 PT
Uber is advancing its mission to provide people easy access to mobility. The ride-hailing giant announced it is adding public transportation options to its app for the first time. Beginning today in Denver, riders will be able to use to the Uber app for public transportation options.
Eric Walz2019-01-31 13:49 PT
The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.
Eric Walz2018-12-06 12:11 PT
Waymo made some history today by launching the first ever commercial driverless shuttle service in Arizona.The service is called Waymo One and riders can use the company’s smartphone app to summon a ride in one of Waymo’s driverless Chrysler Pacifica minivans.
Eric Walz2018-12-05 11:56 PT
Waymo is preparing to launch a commercial ride-hailing service in Arizona next month to rival Uber. For its new service, Waymo has plans to acquire up to 62,000 plug-in hybrid Pacifica minivans and 20,000 fully-electric Jaguar I-Pace SUVs to build out its commercial fleet over the next few years.
Eric Walz2018-11-13 16:55 PT
Hyundai Motor Group and Grab Holdings Inc. (Grab), one of Southeast Asia’s largest mobile platforms, announced an agreement in which Hyundai Motor Company and Kia will invest an additional $250 million into Grab and establish a partnership to promote EV programs across Southeast Asia.
Eric Walz2018-11-07 11:42 PT
While that’s a good marker for Lyft, the ride-hailing company still lags behind Uber, its main rival, which surpassed 10 billion trips earlier this July.
Vineeth Joel Patel2018-09-24 08:00 PT
Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for around $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.
FutureCar Staff 2018-09-17 13:09 PT
Since January, thousands of local residents and tourists in Las Vegas have taken a ride in one of Aptiv’s self-driving BMW’s operating on Lyft’s platform and the company just announced the completion of its 5,000th trip on the Las Vegas strip.
Eric Walz2018-08-22 16:11 PT
Uber made is easy for anyone with the company’s app to summon a ride on-demand, making it possible to forgo personal car ownership in many cities. A relatively new startup called Getaround, expands transportation options even further, with it peer-to-peer vehicle sharing service that let people rent their cars to strangers. The company secured significant new funding to expand its services to additional U.S. cities.
Eric Walz2018-08-21 12:18 PT
On Wednesday, New York became the first major American city to limit the number of for-hire drivers. The city council voted to halt new vehicle licenses for ride-hailing services and establish minimum pay rules for drivers. New York will cap the growth of the services for one year, while the city studies the booming ride-hailing industry.
Paul Young2018-08-09 17:32 PT
Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as the company ramps up to a widely anticipated initial public offering (IPO).
Paul Young2018-08-06 16:26 PT
The emergence of ride-hailing services such as Uber and Lyft are expected to lead to a decline in personal car ownership, as rides can be summoned with a smartphone as needed. As more people opt for transportation on-demand, car rental company Avis is looking to put its own fleet to work—by renting vehicles to Lyft drivers that would normally be sitting idle in a parking lot.
Eric Walz2018-08-06 12:20 PT
New York City officials are moving to limit the number of vehicles driving for Uber and other ride-hailing services as part of an aggressive move to address the worsening congestion. If the legislation is passed, New York will become the first major U.S. city to set a limits on the number of ride-hailing vehicles allowed to operate.
Eric Walz2018-07-27 12:40 PT
Vineeth Joel PatelAug 19, 2019 10:20 AM PT
Vineeth Joel PatelAug 18, 2019 6:30 AM PT
Manish KharintaAug 17, 2019 2:00 PM PT