by Paul A. Eisenstein | May 22, 2019
General Motors plans to pull its Maven car-sharing service out of eight cities in North America, including Boston and Chicago, while continuing to focus on markets with stronger demand, including Toronto, Los Angeles and GM’s home in Detroit. The move comes just...
by Michael Strong | May 16, 2019
Rental cars are often considered almost throw away items. We’ve all heard the old axiom: People will do things in a rental car that they won’t do in their own. According to new testing, that’s not true: ride-hailing vehicles – typically owned by the driver – are the...
by Michael Strong | May 14, 2019
Early in their growth, ride-hailing services, like Uber and Lyft, were seen as potential replacements for new vehicles; however, a new study suggests they only add to the number of vehicles on the road. According to the new study, traffic delays in San Francisco – the...
by Michael Strong | May 13, 2019
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...
by Michael Strong | May 7, 2019
Producing self-driving vehicles requires a lot of money and, perhaps, even more faith. It would seem investors have both when it comes to this part of the automotive industry as General Motors’ Cruise outfit has secured $1.15 billion in new equity. Cruise...
by Joseph Szczesny | May 3, 2019
Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
by Michael Strong | Apr 30, 2019
Automakers are investing billions of dollars into the research and development of autonomous vehicles with some already offering limited amounts of self-driving capability. However, is this what automobile owners really want? There is new evidence they’re quickly...
by Paul A. Eisenstein | Apr 22, 2019
Today could prove to be a transformative day for Tesla and the auto industry at large, at least if Elon Musk delivers the “full self-driving” vehicle that the battery-carmaker’s CEO Elon Musk has promised to unveil. Tesla has long been a proponent of autonomous...
by Paul A. Eisenstein | Mar 29, 2019
General Motors could turn a large investment into an even bigger profit if the IPO of the nation’s second-largest ride-sharing service goes off as planned today. On Thursday, Lyft announced it was targeting $72 a share for its public debut. At that price, GM’s 18.6...
by Michael Strong | Mar 19, 2019
General Motors Co. could have avoided the latest round of flogging via Twitter from President Donald Trump about its Lordstown, Ohio plant if it had accepted an offer from one of its dealers. Cleveland-based dealer Bernie Moreno reportedly met with GM officials last...
by Paul A. Eisenstein | Mar 14, 2019
Almost exactly a year after an autonomous Uber prototype struck and killed a pedestrian in Tempe, Arizona, a new AAA study finds more than seven in ten Americans “afraid” of riding in a fully autonomous vehicle. That’s despite the fact that 100s of self-driving...
by Paul A. Eisenstein | Mar 5, 2019
Think of the new Nissan IMQ concept vehicle as a rolling crystal ball. Following on the debut of the IMs prototype at the Detroit Auto Show two months ago, the Japanese maker says its latest concept “signals the direction of (its) next generation of crossovers.” Make...
