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News, knowledge, and insights for the automotive industry.

Two’s Company for Ride-Sharing’s Realities

Shared competition is double competition against the likes of Uber and Didi. Two of Germany’s leading automakers, Daimler and BMW, have teamed up to bring the heat in the competitive ride-hailing, car-sharing, and electric vehicle segments of automotive technology. The joint venture includes car-sharing brands Car2Go and Drive Now, ride-hailing, parking, and charging services in a 50-50 percent stake split.

Lyft Signs for Magna Car(as)

Ah, the barons of self-driving cars, and their Great Charter. Magna International, a Canadian auto-parts supplier, has partnered with Lyft to supply the ride-sharing service with kits to turn regular vehicles into self-driving cars. The kits will include camera, radar, and lidar systems. Overall, the company is investing $200 million in Lyft and the co-development of self-driving cars in an example of auto industry diversification as vehicle sales are expected to drop in the ridesharing and self-driving economy. Critical question- do these autonomous car kits come with an Allen wrench?

Bay Area Takes a Ride on the Wild Side with Lyft and Drive.ai

Silicon Valley will soon be trying out some home-grown transportation. Through its partnership with Drive.ai, Lyft will dispatch self-driving cars for certain rides at an unannounced date, allowing Drive.ai to gain more feedback on its software and Lyft to test passenger reactions to autonomous vehicles. To read the full article from the Detroit Free Press, click here.

Uber’s New Kid on the Block

All eyes are on incoming Uber CEO Dara Khosrowshahi and the road ahead for the company. In some of his first words to the company, he said, "this company has to change. What got us here is not what's going to get us to the next level." Some of the items at the top of Khosrowshahi’s to-do list including bringing order to the company’s board, using the core ride-hailing business to “pay the bills,” evaluating “far-out” initiatives, and going public.