But Lyft and Aptiv say the experiment has helped them discover how people use and react to self-driving vehicles—information both companies may be able to use once the technology is ready to lose that pesky human.
Out of the chaos of Uber’s international business, which ranges from shared to premium ride-hail trips, to e-bikes, to e-scooters, to buses, to on-demand staffing, to food delivery, Khosrowshahi promised some actual money.
#Uber #Lyft #auto industry #Self-Driving Cars.
Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now.Uber also took a hit in Latin America, where its revenue fell by 24 percent in the quarter, as Chinese ride-hail company Didi began an aggressive push into that market.
But the city of San Francisco seemed to challenge that exclusivity late last month , when it announced it would open up a permitting process for a larger dockless bike-share program—a process that would be open to companies other than Lyft and Motivate.
Uber's Underwhelming IPO, Lyft Earnings and More Car News This Week. The New York Stock Exchange Friday, when Uber shares began trading. But the company also wants you to know that soon, 10 or so Waymo self-driving vehicles will operate on its ride-hail platform in Phoenix.
Lyft shares have fallen more than 20 percent since the IPO.A few business lines weighed down the company in the quarter, executives said. Lyft expects its revenue per active rider to stay flat through the coming summer months—peak scootin’ time, which might steal riders away from the company's higher-margin ride-hail services.
Beyoncé Is Back, Lyft Pumps the Brakes, and More News. Lyft has to pump the brakes on its e-bikes. A Lyft subsidiary had to pull its e-bikes from New York, Washington, and San Francisco after riders reported injuries from unexpectedly strong front brakes .
Just last week, the Chicago City Council approved an exclusive bike-share contract with Lyft, which included a promise to roll out 10,500 e-bikes by 2021.So it was a real disappointment late Sunday when the ride-hail company announced it would remove all of its electric bicycles—at least for the time being—due to reports of injury.
This week, ride-hail meets the markets, and we check in on the role of remote driving in (supposedly) driverless cars. For more stats on the ride-hail company, and to help you understand its IPO this week, check out these five charts.
Lyft’s IPO Filing Shows Ridership Is Surging—So Are Losses Lyft’s ridership has grown dramatically in the last two years, to the point where the company estimates that 9 percent of the US adult population has taken a ride.
And while Uber and Lyft have grabbed headlines for convincing people to abandon transit in big cities like New York and Chicago, the TransitCenter advocates argue that the effects of those services are limited to just a few dense, urban places.
Plus: Lyft sues to halt a driver minimum wage law in NYC, LA Metro experiments with ride-hail, and we connect the dots between carbon fiber production and flying taxis.
If Uber, Lyft, Via, and Juno want to keep operating in the city, they’ll have to provide the TLC with even more finely detailed data than they do now: the date, time, and location of pickups and drop-offs (at least down to the intersection), the vehicle’s license number, the trip mileage, itemized trip fare, route (including whether the vehicle entered traffic-choked Midtown), and how much the driver was paid.
(Via’s utilization rate is higher than Uber’s not because it has more drivers but because it offers only shared rides, much like Uber’s ride-pooling service, UberPOOL.) “Our lawsuit does not target the law passed by City Council but instead addresses the specific way the TLC plans to implement the rules, which would advantage Uber in New York City at the expense of drivers and smaller players such as Lyft,” Lyft spokesperson Campbell Matthews said in a statement.
The city of Centennial, Colorado, ended a one-year pilot offering riders on-demand Lyft trips to transit in late 2017, after finding that the service cost twice as much as its old call-a-ride option and provided only about 10 trips a day.
Itzhak is the head of HERE Mobility, an 18-month-old unit of the mapping company HERE (jointly owned by BMW, Audi, and Daimler) that today announced the launch of an app called SoMo. That’s for “social mobility,” and it’s what Itzhak calls an “open global neutral mobility marketplace,” which is a wordy way of saying, an effort to pull together pretty much every way of getting around that isn’t a ride-hail service.
But both Uber and Lime say they’ve been snubbed, and that they want to expand service to more lower income New Yorkers.A mock-up of Lyft's branded dockless bikes, which the company says it might deploy in cities all over the US.
At San Francisco International, companies like Uber and Lyft now account for 75 percent of commercial ground transportation, says airport spokesperson Doug Yakel.
Uber Rewards Loyalty Program Gives Perks to Power UsersIn a ride-hail landscape where persistent competitors like Lyft, Grab, and Careem offer virtually identical services and have blocked Uber’s bid for monopoly, the program is another path to keeping customers in the house that Travis (and Dara) built.Lucas Jackson/ReutersFor a service that’s meant to be easy to use, Uber can be awful stressful.
If we want the outdoors to be for everyone, we need to find access solutions to meet people where they are. Bringing people out to nature with discounted Lyft rides and organized camping trips is another solution REI (the outdoor clothing and gear company) is experimenting with.