ridesharing

Ride-sharing may be driving people away from car ownership
Ride-sharing may be driving people away from car ownership

Ride-share company Lyft has released an “economic impact” report for 2017, and it makes some bold claims. Most notably, Lyft says that nearly 250,000 of its customers gave up owning a car because of ride-share availability. Must of the report focuses on growth, with 2017 numbers rising...Read More»

Prototype from Uber’s fully autonomous ride-sharing fleet
Uber to sell its leasing business

Uber is ready to sell off its two-year-old Xchange leasing program, according to multiple reports. Earlier in 2017, Uber announced it was planning on ending the program due to heavy losses. While the company had previously estimated losses averaging nearly $500 per car, new revelations place that...Read More»

Didi Chuxing's Mountain View, CA Laboratory
Uber’s Chinese rival just raised $4 billion

As turbulent as 2017 was for Uber, 2018 looks set to start off even worse for the maligned company, as China’s Didi Chuxing says it raised over $4 billion from SoftBank Group in yet another round of funding. The large injection of cash makes Didi the world’s second-largest startup, with...Read More»

Concept drawing for Uber Elevate flying taxi service
Uber looks beyond cars in Middle East

The idea of using an app to hail a bus might not be as sexy as summoning a flying taxi in Dubai or Dallas, but for Uber, it might be a path to profitability. As a means of beating traffic in ways no car possibly could, the company has begun utilizing alternate modes of transportation in Cairo. If...Read More»

Didi logo
Uber's Chinese rival coming to North America

Didi Chuxing, the rideshare giant that drove Uber out of China, is turning its attention to Mexico in a bid to gain a foothold on North American soil. The move marks Didi’s first attempt at international expansion. The company has already met with Mexican trade and investment officials, and...Read More»

General Motors' Dan Ammann (center) with Lyft's John Zimmer (right) and Logan Green (left)
Uber investor pumps $500 million into Lyft

First, it was Uber’s misfortunes helping to accelerate arch-rival Lyft’s growth. Now it’s Uber’s fortunes. Mutual fund Fidelity will take part in Lyft’s newest round of financing, in which the company is expected to raise $1.5 billion overall. All total, the latest...Read More»

Uber logo
Uber's wild ride gives Lyft a lift

To put it mildly, Uber has had a tumultuous year. The company’s highs, which include knocking off the ubiquitous yellow taxi as the most used ride service in New York, have been tempered by scandal after scandal, ultimately leading its CEO, Travis Kalanick, to resign over the summer. Now...Read More»

Uber self-driving prototype in San Francisco
Uber agrees to buy 24,000 Volvo SUVs in its march toward self-driving vehicles

Uber will purchase up to 24,000 Volvo XC90 SUVs between 2019 and 2021, the ride-sharing company announced Monday. According to Volvo, the vehicles are an “autonomous driving-compatible base.” As the name suggests, they constitute the next step for Uber as the rideshare company looks for...Read More»

Lyft "Stranger Things" mode
Lyft's "Stranger Things" mode delivers a spooky ride-sharing experience

Netflix's hit series "Stranger Things" returns this week and ride-sharing service Lyft partnered with the studio to roll out a seriously... strange ride-sharing service. For two nights—October 27 and 28, between 4 p.m. and 9 p.m.—Lyft will feature a "Strange Mode" for users in Los...Read More»

Lyft car with trademark pink mustache (via Wikimedia)
Lyft to begin testing self-driving cars in San Francisco

Ride-sharing service Lyft says it plans to test self-driving vehicles on the streets of San Francisco, offering free rides to customers in exchange for their participation in the test. The company has long shared rival Uber’s ambitions of self-driving rideshare vehicles, and the latest plan...Read More»

2017 Toyota Prius Prime Premium
Uber to ban diesels, require electrified vehicles in London by 2025

Uber is taking its own initiative in the global push toward electrified vehicles. Fresh off the heels of Jaguar Land Rover’s proclamation that each new car it introduces will be electrified—either hybrid or purely electric—by 2020, the rideshare giant announced that every one of...Read More»

Uber app
Uber to debut lounges in shopping centers across US

Ride-sharing app Uber is set to partner with one of the country’s largest retail shopping center operators to offer new services to patrons. As part of the new alliance, Los Angeles’ Century City will receive a sleek new “Uber Lounge,” while Westfield’s other 33...Read More»

Lyft car with trademark pink mustache (via Wikimedia)
Lyft expands operations to remote locales

Formerly limited to metro areas, ride-sharing is now coming to the countryside. Uber challenger Lyft has opened up its operations to an additional 32 states, meaning its services will now be available in 40 states. While those eight states included 79 percent of the country’s total...Read More»

2017 Chevrolet Bolt EV added to Maven car- and ride-sharing fleet in Los Angeles, California
Awkward: GM may get into the ridesharing game, despite partnerships with Lyft & Uber

In January 2016, General Motors announced a major partnership with Lyft--like, $500 million major. Before the year was through, GM had revealed that it was developing a fleet of self-driving taxis with Lyft; that it would rent cars to wannabe Lyft drivers on the cheap; and, weirdly, that it would...Read More»

Gavel. Image: Brian Turner
Ohio judge orders drunk drivers to install Lyft, Uber on their smartphones

You might've heard of Judge Michael A. Cicconetti. Based in Painesville, Ohio, he's become widely known for meting out punishments that are often thoughtfully matched to the wrongs of the convicted. For example: He ordered a woman who abandoned 35 kittens in the woods to spend a night in the woods...Read More»

Revenue projections for the passenger economy through 2050 (via Strategy Analytics)
Study: Self-driving cars will be a $7 trillion industry by 2050

In the 1960s, it was plastics. In the 1990s, it was ecommerce. And in the 2040s, many of the world's movers and shakers will likely be working on autonomous cars--at least according to one new study. That study is called Accelerating the Future: The Economic Impact of the Emerging Passenger...Read More»

Uber driver (photo by Uber)
Auto industry nightmare: consumers are giving up cars for good

Unprecedented changes are taking place in today's auto industry. Companies old (e.g. Ford, Toyota) and new (e.g. Tesla, Waymo) are working overtime to make cars that run on battery power, drive themselves, and function as taxis. They're doing all that to prepare for a future 10 or 20 years down the...Read More»

Gig car-sharing
AAA gets into the car-sharing game with Gig

Yesterday, we wrote about J.D. Power's 2017 U.S. Tech Choice Study, which suggested that consumers may be fine with semi-autonomous features in their next cars, but aren't so interested in fully self-driving vehicles. One other interesting bit of news to come out of the study, though, was that...Read More»

Volvo Drive Me autonomous car pilot project in Gothenburg, Sweden
Study: Within 15 years, 25 percent of travel will be in shared, electric, self-driving cars

If you follow car news at all, you've heard plenty about electrification, self-driving software, and shared vehicles. The three are on a collision course that could upend the auto industry and dramatically affect the way we get around in the near future. In fact, analysts at the Boston Consulting...Read More»

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