Cars

New York City Approves Short-Term Measure to Curb Uber and Lyft Growth

New York City Approves Short-Term Measure to Curb Uber and Lyft Growth

Henry Goldman, Bloomberg

While we respect regulation for important matters like safety, perhaps New York should let the market take care of some of these issues.

6 days ago

Is a Smarter Car Rental Industry Emerging From Its Funk?

Is a Smarter Car Rental Industry Emerging From Its Funk?

Andrew Sheivachman, Skift

Rumors of the car rental sector's demise may have been greatly exaggerated. Fundamentals have improved for Hertz and Avis, while partnerships with ridesharing companies and autonomous vehicle innovators bring potential for sustained growth.

7 days ago

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Why Car Rental Companies Won’t Go Out of Business Anytime Soon

Justin Fox, Bloomberg

Yes, consumers — even business travelers — like to use ridesharing apps. But corporate travelers are still renting plenty of cars and paying hefty prices for them. Sometimes, that's still the best way to get around.

2 weeks ago

General Motor Ridesharing Arm Hits Gas on Peer-to-Peer Car Rentals

General Motor Ridesharing Arm Hits Gas on Peer-to-Peer Car Rentals

David Welch, Bloomberg

Legendary General Motors has little choice but to try new ventures to stay relevant, but in doing so it likely won't escape regulatory battles that competitors like Turo have faced.

3 weeks ago

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Won Jae Ko, Pavel Alpeyev, and Ma Jie, Bloomberg

Japan is slowly beginning to shed its isolated characteristics as it prepares to host the 2020 Summer Olympics and also recently legalized alternative accommodations across the country. It will be interesting to see if taxis and successfully collaborate with ride-hailing apps, which hasn't been the case in many other countries.

4 weeks ago

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Edwin Chan, Bloomberg

What does $500 million get you? Other than allowing "Didi users to make hotel reservations on Booking.com and Agoda," we're not exactly sure. We'll have to keep an eye on how this one plays out.

4 weeks ago

Uber’s Toxic Workplace Culture Subject of U.S. Gender-Discrimination Investigation

Uber’s Toxic Workplace Culture Subject of U.S. Gender-Discrimination Investigation

Olivia Zaleski, Bloomberg

Uber remains dogged by the ramifications of its toxic workplace culture despite CEO Dara Khosrowshahi's efforts to change the narrative. It's time for the company to fix the structural inequalities put in place by its former leadership instead of pandering to critics with inclusive bromides.

4 weeks ago

Uber Competitor Gett Is Reportedly Considering a Departure from U.S. Market

Uber Competitor Gett Is Reportedly Considering a Departure from U.S. Market

Christoph Rauwald, Giles Turner and Yaacov Benmeleh, Bloomberg

A year ago, we wondered if Uber would start to get worried as rivals teamed up to take it on. Sounds like there was not much need of that as Gett reportedly considers a sale of Juno and an exit from the U.S.

1 month ago

Uber’s Head of Human Resources Resigns in Latest High-Profile Departure

Uber’s Head of Human Resources Resigns in Latest High-Profile Departure

Eric Newcomer, Bloomberg

Many CEOs who foster racism and sexism surrounded themselves with likeminded individuals, who hire more of the same, and so the cancer spreads. The real solution — changing human behavior — is so much harder to achieve than ousting one or two offenders.

1 month ago

Uber’s Legal Victory in London Shows CEO’s Turnaround Strategy Is Working

Uber’s Legal Victory in London Shows CEO’s Turnaround Strategy Is Working

Nate Lanxon, Bloomberg

Several improvements and rounds of apologies later, is Uber a significantly more humane company? And how much will it ever improve? All eyes remain on CEO Dara Khosrowshahi.

2 months ago

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

David Welch, Bloomberg

Forecasters say the U.S. car rental industry will find it tough to raise prices on rentals because of ridesharing services like Lyft and Uber. That's bad news for Avis and Hertz, which are not fetching high prices for their vehicles in used-car markets.

2 months ago

Uber Is Fighting Its London Ban in Court Without Much Pushback From Regulators

Uber Is Fighting Its London Ban in Court Without Much Pushback From Regulators

Jeremy Hodges and Jonathan Browning, Bloomberg

Uber claims it has addressed the regulatory concerns that caused it to lose its operating license in London. Regulators agree that the ridesharing company has changed course, but a judge must decide what happens next.

2 months ago