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Posts Tagged ‘Lyft news’

Magna, Lyft Pairing Up to Develop Self-Driving Technology

Magna takes $200 million equity stake in Lyft.

by on Mar.15, 2018

Lyft and Magna are partnering up to develop self-driving vehicle technologies.

Magna is purchasing a $200 million equity stake in ride-sharing behemoth Lyft as part of a multi-year plan to develop a self-driving vehicle platform together.

The collaboration calls for the two companies to jointly fund, develop and manufacture self-driving systems. The establishment of this partnership subject to regulatory approval. This partnership positions Magna and Lyft to enable the development and manufacturing of self-driving systems at scale.

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In addition to self-driving vehicles that will be deployed on Lyft’s own ride-sharing network in the coming years, Magna can deploy the technologies across a wide range of uses to benefit the entire global mobility ecosystem. (more…)

Lyft Launches Autonomous Test in Boston

Long-term goal is to go fully driverless.

by on Dec.08, 2017

An autonomous prototype developed by nuTonomy, one of the models Lyft will begin using in Boston.

Lyft has become the latest ride-sharing service to begin testing autonomous vehicles.`

The pilot program, launched in Boston this week, is being run in partnership with self-driving tech firm nuTonomy. Lyft has also been working with both Ford Motor Co. and General Motors, two carmakers that share its long-term goal of going completely driverless in a bid to slash costs while also improving safety.

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“Based on feedback from pilot participants, nuTonomy’s engineers will adapt and improve our system, so that we can deliver an autonomous transportation experience that is extremely safe, efficient, and comfortable,” nuTonomy said in a statement.


Lyft Set to Start Using Large Numbers of Ford’s Driverless Vehicles

Move could change automotive equation, threatening retail auto market.

by on Sep.27, 2017

Ford is partnering with Lyft, which is partially owned by General Motors, to advance its self-driving vehicle technologies.

Ford Motor Co. will partner with Lyft, the country’s second-largest ride-sharing service, to begin fielding a substantial number of the driverless vehicles the automaker is developing by early in the coming decade.

Moving the driver out of the vehicle is a key goal for Lyft and rivals like Uber, the industry giant, because they compromise the single largest part of the cost of providing rides. Both companies are betting that if they can go driverless they can reduce prices to the point where it will be cheaper to hail a ride than to own a personal vehicle. But that strategy does raise concerns about the long-term impact on retail vehicle sales in the U.S. and other parts of the world.

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“We know the technology has the potential to have a profound impact, but it’s time to look beyond the potential and talk about how it can be applied in helpful ways to create a viable business,” said Sherif Marakby, Ford’s vice president for autonomous vehicles and electrification. (more…)

Lyft Launches Autonomous Vehicle Pilot in San Francisco

Move a snub to rival Uber.

by on Sep.08, 2017

Lyft will still have a driver behind the wheel, ready to take control in an emergency.

The nation’s second-largest ride-sharing service is getting ready to launch an autonomous vehicle pilot program on the hilly streets of San Francisco.

The project is a partnership between Lyft and Silicon Valley self-driving technology firm, and it marks a growing push by the ride-sharing industry to take human drivers out of the picture. Before being ousted in a management shake-up earlier this year, rival Uber CEO Travis Kalanick predicted that fully driverless vehicles would drop costs to the point it would be cheaper to use a ride-sharing service than actually owning a vehicle.

Uber actually was the first service to launch an autonomous pilot in San Francisco late last year. But it ran into a series of issues and initially refused to apply for the requisite state permit. Uber pulled its autonomous Volvo prototypes out of San Francisco, shifting them to Phoenix. Some have since returned but are not being used in a public pilot program there yet.


Lyft, Uber Think Size Matters, Feud About Which is Bigger

Lyft available in 48 states, but wait time is an issue.

by on Sep.01, 2017

Through the first half of 2017, Lyft has already exceeded its total ridership for all of 2016.

The competition between Uber and Lyft has escalated a little more after the latter claimed it was the biggest ride-hailing service in the U.S. Uber quickly shot down the self-brag by Lyft.

San Francisco-based Lyft claims 94% of the U.S. population can request a ride, meaning it has the largest geographic footprint of any ride-hailing service. Uber disputed the claim, suggesting that Lyft is fudging what it means to be “available.”

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Lyft that its service was now “fully operational” in 40 states, which means Lyft users can get a ride with the service anywhere in the state. Overall, the company has drivers in every state except Arkansas or South Dakota. (more…)

Lyft Tracking to Double Ridership in 2017

Company adds former Obama adviser Jarrett to board.

by on Aug.02, 2017

Valerie Jarrett, a former adviser to the Obama Administration, has joined the Lyft board of directors.

Lyft has carried more passengers during the first six months of 2017 than in all of 2016, according to new statistics released by the company, which has succeeded in spreading its service to dozens of additional cities in the U.S. and capitalizes on a goody-two-shoes image that has separated it from archrival Uber.

The company noted it has expanded into 360 communities and that 80% of the U.S. population can use the service now.

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Ridership at Uber, the leader in ride-sharing services, continues to dwarf Lyft’s, which recorded 162.5 million customer trips through the end of June. Uber has reported that it has given more than 5 billion rides worldwide since 2010. (more…)

Lyft Establishes Stand-Alone Autonomous Vehicle Unit

Ride-share company expands self-driving car plans.

by on Jul.21, 2017

Luc Vincent, Lyft's autonomous vehicle chief, announced the company's plans to establish a self-driving car unit. (Photo credit: Lyft)

The competition level between ride-sharing services Uber and Lyft just got ratcheted up another notch as Lyft announced plans to establish its own autonomous vehicle arm.

The move just adds to Uber’s ongoing problems that recently culminated in the departure of company founder and now former CEO Travis Kalanick, who was basically forced out by investors last month.

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Lyft, which counts General Motors among its substantive investor base, plans to have a self-driving car team staffed with hundreds of engineers by the end of next year. (more…)

Lyft Inks Autonomous Development Deal with Waymo

Judge issues ruling in Uber/Waymo court battle.

by on May.15, 2017

Waymo and Left are partnering up to help the ride-share company accelerate its goals autonomous vehicle goals.

The intensity of the driverless ride-share competition just ratcheted up a bit more with the new partnership between Lyft and Waymo.

Lyft officials believe the deal will accelerate its vision for transportation while Waymo sadi in a statement said a deal to launch self-driving pilots would accelerate its vision for transportation and said the partnership would let its technology reach “more people, in more places.”

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Neither offered many details of the agreement. Lyft is the second-largest ride-share service in the U.S. behind Uber, which has been developing its own self-driving vehicles while in the midst of a battle over industrial secrets with Waymo. (more…)

GM, Lyft Deploying “Thousands” of Self-Driving Bolts in 2018

The new fleet arrives two years ahead of most other maker's planned ventures.

by on Feb.17, 2017

An autonomous Chevrolet Bolt EV shown running at the GM Tech Center in Warren, Michigan.

General Motors will catapult to the top of the autonomous vehicle class in 2018 when it deploys “thousands” of self-driving EVs with its ride-sharing partner Lyft Inc., according to Reuters.

If it happens, it will be the largest test fleet of fully autonomous vehicles by a major automaker. Currently, Waymo, working in concert with Fiat Chrysler, is testing about 60 self-driving vehicles in four states.

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Most automakers have been pointing to 2020 as the time when they’ll have vehicles ready for autonomous driving tests on America’s roadways. Plans call for Lyft, which GM purchased a stake in last year, to use the self-driving EVs in California and other states, Reuters reported. (more…)

Even Ride-Sharing Battle Takes Unexpected Political Turn

Lyft donates $1 mil to ACLU; Uber takes heat on several fronts.

by on Jan.30, 2017

Uber CEO Travis Kalanick may be in hot water with Trump supporters and opponents after this weekend.

In a surprisingly contentious week in the United States, capped by nationwide protests over the U.S. immigration and travel ban, even business has taken on an unexpectedly political tone. That includes the fast-emerging ride-sharing business.

Uber and its and CEO Travis Kalanick took criticism from some Trump opponents after the ride-sharing company’s founder agreed to serve on the new president’s economic advisory council. But the heat was turned up after some accused the San Francisco company of trying to take advantage of a boycott of New York’s JFK Airport by competing taxi drivers. Chief rival Lyft, meanwhile, is stirring things up among Pres. Trump’s supporters for its weekend donation of $1 million to the American Civil Liberties Union.

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The line between the two companies is not as distinct as it might seem, however. But, if anything, Uber could find itself in hot water with both the president’s critics, as well as his supporters. (more…)