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Toyota Motor will acquire Lyft Inc’s self-driving technology unit for $550 million, the companies said, as the Japanese automakers boost its presence in the autonomous world with the newly created
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In new court filings Wednesday, a top official of Uber Technologies Inc said the company would “almost certainly need to shut down” ride services in California for likely over a
Uber and Lyft hopes that the increasing use of face masks to deal with the coronavirus outbreak will make customers comfortable enough to use their ride-sharing services. Uber will soon require both
Lyft Inc has purchased U.S.-based startup Halo Cars, which permits drivers to make money from digital advertisements showed on top of their vehicles. The deal, first reported by Axios, was
Lyft stated on Thursday that it’s launching a car rental service, which will allow customers to rent a vehicle without needing them to go to the counter. Shares of Hertz and Avis dropped following
Japan’s Rakuten Inc stated on Tuesday it expects to take a 103 billion yen ($947 million) loss in the recent quarter on its investment in U.S. ride-hailing company Lyft Inc.
Some drivers for ride-hailing giants Uber and Lyft shut down their apps Wednesday to protest what they refers as declining wages at a time when both companies are raking in
General Motors on Tuesday reported a higher-than-expected quarterly profit, raised by revaluations of shares it owns in ride-hailing company Lyft Inc and France’s Peugeot SA. Excluding the advantages of those
Japanese company Rakuten on Monday stated it will post a 110 billion yen ($990 million) profit in its first-quarter revenues from an increase in the value of its stake in
As Lyft Inc cruises toward an initial public offering in March, one of the big winners is going to be General Motors, whose stake in the ride-hailing firm could cost
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