Lyft Surpasses Autonomous Rides Milestone

Lyft Surpasses Autonomous Rides Milestone

It’s become conventional wisdom that driverless vehicles will eventually dominate the nation’s roads. Precisely how soon that will happen is anyone’s guess and, if anything, proponents appear to be backing away from earlier promises that claimed the first autonomous...
EVs at “The Tipping Point”

EVs at “The Tipping Point”

After several years of rapid growth, EV sales flattened out last year, raising concerns about the tens of billions of dollars automakers like Ford, General Motors and Volkswagen are spending on their electrification efforts. A few years ago, Xavier Mosquet might have...
Utah Man Injured Riding in Autonomous Shuttle

Utah Man Injured Riding in Autonomous Shuttle

A 76-year-old passenger riding in an autonomous shuttle has been injured after the vehicle came to an unexpected stop, according to multiple media reports. Gene Petrie, an employee of the Utah State Tax Commission, was thrown from his seat and hit the handrail near...
Uber Not Likely to Be Profitable for a “Few Years”

Uber Not Likely to Be Profitable for a “Few Years”

Uber investors hoping to strike gold with the company’s profits in the future are going to be disappointed, according to one senior executive at the company. Profitability for the ride-hailing giant is “a few years away,” said Uber’s chief technology officer...
Uber, Lyft Drivers Have Poor Recall Repair Record

Uber, Lyft Drivers Have Poor Recall Repair Record

Less than a week ago, the world discovered that Uber, Lyft and other ride-hailing service vehicles are the dirtiest ways to get someone to drive you somewhere. Now it may also be that they are the least safe, according to a new study. Consumer Reports claims that one...
Uber Stock Keeps Falling After Stumbling Out of Gate

Uber Stock Keeps Falling After Stumbling Out of Gate

Ride-hailing leader Uber saw its shares, which hit the market last week, continue to fall today into the $37 range after stumbling out of the gate. Uber priced its initial public offering at the bottom end of the range at $45 per share after watching rival Lyft’s...
Uber, Lyft Drivers Have Poor Recall Repair Record

Lyft IPO Depends on an Autonomous Future

Running in the red every single quarter is normally not a good formula for success, though Tesla has shown that deficits aren’t necessarily verboten with investors. So, despite losing more than $2 billion during  the last two years alone, Lyft is preparing to go...