Cars

Lyft Aims to Reward Loyal Drivers While Going Public

Lyft Aims to Reward Loyal Drivers While Going Public

Krista Gmelich, Bloomberg

One of Lyft's major risk factors is the possibility of its drivers bailing to another competing service for some reason. This move will generate goodwill with the company's most loyal drivers, and others who are willing to buy into Lyft's long-term future.

3 weeks ago

Lyft Readies to Go Public Before Rival Uber

Lyft Readies to Go Public Before Rival Uber

Olivia Zaleski and Eric Newcomer, Bloomberg

Lyft's core focus was on growing in the U.S. while Uber jockeyed for global dominance. It didn't quite work out for Uber, and Lyft is now likely to beat it to the punch as a public company even though both are still losing money.

3 weeks ago

Avis and Hertz Chart Their Futures After Yet Another Comeback

Avis and Hertz Chart Their Futures After Yet Another Comeback

Andrew Sheivachman, Skift

Car rental companies are looking to become transportation networking companies like Uber and Lyft, while also renting cars to drivers of those ridesharing services. But first, they need to bring their core business back on track.

3 weeks ago

Uber Looks to Acquire Dubai-Based Competitor

Uber Looks to Acquire Dubai-Based Competitor

Giles Turner, Dinesh Nair, Matthew Martin and Eric Newcomer, Bloomberg

After getting pushed out of markets across Asia, it's not surprising Uber would look to further establish itself in the Middle East as it prepares to go public.

3 weeks ago

How Avis Wants to Build Transparency in Corporate Travel

How Avis Wants to Build Transparency in Corporate Travel

Brian Sumers, Skift

Can this two giant global travel companies work out their differences? Surely consumers would be prefer to know they can keep searching for United fares on Expedia.

4 weeks ago

Airstream Is Turning Recreational Vehicles Into Smart Homes

Airstream Is Turning Recreational Vehicles Into Smart Homes

Kyle Stock, Bloomberg

The classic American camper brand will now let digital nomads control their campers by iPhone. Airstream started taking orders for a $1,000 kit that will convert any of its vehicles into a smart home. The move gives new meaning to the phrase "turn on, tune in, and drop out."

4 weeks ago

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Uber’s Losses Continue Despite Push Into Food Delivery and Freight

Eric Newcomer, Bloomberg

Uber continues to lose money despite gains in delivery and freight services. Pushing into new sectors isn't doing much for the company's balance sheet as it gears up to go public.

1 month ago

How Much Longer Can Lyft Maintain Its Friendly Image?

How Much Longer Can Lyft Maintain Its Friendly Image?

Eric Newcomer, Bloomberg

Lyft has earned a reputation for being the nice guy, but that can't last long if it wants to be number one in a cutthroat industry.

2 months ago

Analysts Expect Increased Interest in Flying Cars

Analysts Expect Increased Interest in Flying Cars

Esha Dey, Bloomberg

Flying cars present even more knotty technological and legal problems than automated cars. Building an autonomous drone that can fit a person inside and fly long distances is quite difficult; it will likely be decades before they hit the mainstream.

3 months ago

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Colin Bertram, Bloomberg

Rental car checkout is a nightmare if you don't have any loyalty status with the company. Maybe this new perk will make Clear's annual fee worthwhile for more frequent travelers.

3 months ago

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Lyft’s Focus Stands in Contrast to Uber’s Ambition

Eric Newcomer, Bloomberg

It's sometimes lost in the Uber debate that the strongest companies in the world don't try to do everything at once on a global basis. The financial case for investing in a focused and nimble operation tends to be much stronger even if the headlines aren't as sexy.

3 months ago

Uber Takes a Step Closer to IPO

Uber Takes a Step Closer to IPO

Eric Newcomer, Bloomberg

The pieces are falling into place as the year comes to a close with Uber reportedly filing the paperwork for an IPO, promising to make 2019 one exciting year for ridesharing services. Who will win the race to the public markets — Uber or archrival Lyft? Or will increasing volatility in stocks slam on the brakes for those plans?

3 months ago