Cars

Uber Mideast Rival Careem Pushes Ridesharing as Efficient Infrastructure Investment

Uber Mideast Rival Careem Pushes Ridesharing as Efficient Infrastructure Investment

Gwen Ackerman and Matthew Martin, Bloomberg

Ridesharing is an attractive way to transport people from point A to point B in many countries because of its convenience and the economics. But clogging roads with carbon dioxide-producing machines isn't sustainable

2 days ago

Alphabet Leads Latest Lyft Funding Round as IPO Looms

Alphabet Leads Latest Lyft Funding Round as IPO Looms

Eric Newcomer, Bloomberg

Lyft is looking to finally stop losing money as it prepares to go public in the coming years. More funding will help them finance their Canada expansion and corporate travel push.

6 days ago

Uber Focuses on Scale Rather Than Technology Upgrades in India

Uber Focuses on Scale Rather Than Technology Upgrades in India

Saritha Rai, Bloomberg

There are plenty of examples where consumer technology behavior is way ahead of a major company that's slow to respond to marketplace demand. But with Uber in India, it's the other way around, and the company is taking a step back to focus on basics before it takes a test drive with features available in other markets.

2 weeks ago

Taxi Drones Could Take Flight in Dubai in 2018

Taxi Drones Could Take Flight in Dubai in 2018

Tom Mackenzie, Bloomberg

Next great startup idea? Drone phobia classes for reluctant flying car passengers in Dubai, Saudi Arabia and Singapore, EHang's hoped-for initial markets. There have definitely been worse startup ideas.

3 weeks ago

Uber Is Buying Thousands of Volvos to Create a Fleet of Driverless Cars

Uber Is Buying Thousands of Volvos to Create a Fleet of Driverless Cars

Elisabeth Behrmann, Bloomberg

Uber is already testing autonomous Volvo vehicles in Pittsburgh. This order shows they're satisfied with the vehicles as Uber begins its attempt to own the potentially lucrative on-demand market for rides in driverless vehicles.

3 weeks ago

Chinese Companies Are Now Investing in Flying Car Technology

Chinese Companies Are Now Investing in Flying Car Technology

Adam Minter, Bloomberg

While places like Dubai have spurred the most innovation so far, the path to mainstream flying car adoption may well run through China if its government and companies continue to invest in the sector.

3 weeks ago

Lyft Will Enter Canada as Its First Foreign Market

Lyft Will Enter Canada as Its First Foreign Market

Natalie Wong, Bloomberg

In Formula One, a racecar will go where the driver's eyes go. In capitalism, a startup will go where its investors see the most potential for market share gain. In the race between Lyft and Uber in Canada, the real winner now is the consumer, thanks to discounting.

4 weeks ago

Rental Car Companies Have Inched Their Way Back From the Brink

Rental Car Companies Have Inched Their Way Back From the Brink

Andrew Sheivachman, Skift

Now that the car rental giants have sold off their extra cars, they can focus on continuing to grow revenue. But is there really a long-term future for rental cars in a world that has embraced ridesharing?

4 weeks ago

BMW’s New Partnership Gets U.S. Travelers a Free Road Trip Through Europe

BMW’s New Partnership Gets U.S. Travelers a Free Road Trip Through Europe

Nikki Ekstein, Bloomberg

Many travelers probably don't have the time to devote to a vacation and be part of a program like this. But for those who can hit the road for a few weeks, it sounds like a dream come true.

4 weeks ago

Credit Cards May Pay When a Traveler Crashes Their Rental Car

Credit Cards May Pay When a Traveler Crashes Their Rental Car

Gregory Karp, Associated Press

But beware the fine print, as ever. For example, collecting reimbursement from a card company can take a while, so you may have to front money for expenses.

1 month ago

Lyft’s Share of the U.S. Market Is Growing Faster Than Rival Uber Would Like

Lyft’s Share of the U.S. Market Is Growing Faster Than Rival Uber Would Like

Mark Bergen and Eric Newcomer, Bloomberg

Uber's challenge now is that its rival's success is driven by the delete-Uber movement in big markets as well as the negative connotations in other markets. It needs to reset the story to succeed.

1 month ago

Uber Signs NASA Deal to Develop Flying Car Systems in Cities Like Los Angeles

Uber Signs NASA Deal to Develop Flying Car Systems in Cities Like Los Angeles

Natalie Wong, Bloomberg

Uber's vision to lead the flying car space remains an uphill battle, but partnerships with government organizations will ease the process when they are ready to finally start operating.

1 month ago