Alphabet, the parent company of Google, is poised to invest a billion dollars in ride hailing service Lyft. Several years ago, it was an early investor in Uber. What’s going on?
Browsing the "ride hailing" Tag
Ride sharing is expected to be the next big thing in transportation, especially when self driving cars eliminate human drivers. But there are hidden expenses involved that may make them less profitable than predicted.
As a result of a story in the New York Times recently, a grand jury in San Francisco is now investigating Uber to see if it violated any laws by using an app called Grayball in Portland Oregon to disguise its activities from public officials in April, 2014.
Micheal Bloomberg is encouraging cities to start planning now for a future in which self driving cars will be the norm. He expects autonomous cars to alter the way residents interface with the urban environment.
Nvidia and Baidu are teaming up to develop self driving car technology. Baidu has recently received permission to test autonomous cars in California.
Uber has waved the white flag in its fight with Didi Chuxing in China. The two companies have agreed to create a new company with each owning a minority interest in each other.
Daimler’s Car2Go Car sharing service has begun operating in the Chinese city of Chongqing. The service has signed up 78,000 subscribers in its first 2 months of operation.