Lyft announces car rental service within its main app

Lyft car sharing

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 the news. “With Lyft Rentals, we’re giving riders the flexibility to rent a car for weekend getaways, business trips, or even to run errands,” Lyft […]

Lyft elevates General Motors first-quarter profit

General Motors

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 revaluations, GM provided outcomes in line with analyst predictions, driven mainly by highly lucrative pickup truck sales in the U.S. market. The earnings came after […]

Volkswagen to write off investment in Gett

gett logo

German automaker Volkswagen is going to write off its investment in Gett after the Israel-based ride hailing app failed to achieve ground on bigger competitors Uber, Lyft and Didi, weekly Der Spiegel reported on Friday. Volkswagen spent $300 million in Gett in 2016, saying it intended for on-demand mobility services such as smartphone ride hailing […]

GM finishes production of 130 more self-driving Chevy Bolts onto US streets

Images of Chevrolet Bolt electric car

General Motors stated it has finished production of 130 self-driving Chevrolet Bolt electric vehicles at its Orion assembly plant located in Michigan. The automaker anticipates to deploy the cars within the month in San Francisco and Scottsdale, Arizona, in collaboration with its ride-sharing affiliate Lyft Inc, following final test in Michigan, according to the company. […]

BMW aims to become ‘coolest’ ride-hailing company with autonomous car

ReachNow car sharing of BMW

BMW will test self-driving automobiles in Munich next year as it looks to stay up to date with ride-hailing companies like Uber, which have invested billions on pay-per-use personal transport. The German automaker will have around 40 automobiles with self-driving functions in Munich’s inner city then broaden the project to other cities, BMW executives stated […]

Google, automakers are opposed to California rules for self-driving cars

Alphabet Inc’s Google unit and car manufacturers objected on Wednesday to California proposals to set new, compulsory rules for screening self-driving vehicles in the state, which market officials said could hobble their efforts in the home of much of self-driving automobile testing and advancement. Car manufacturers and Google raised a list of concerns about California’s […]