Cheap Rides Could Be Over



Cheap Rides Could Be Over!

Uber and Lyft Suggest the Days of Cheap Rides Could Be Over Both continue to record big losses.
Lyft officials told investors they had raised prices on routes in some cities in June and touted the company’s upcoming pricing algorithms, which they hinted might be able to more precisely predict what riders might be willing to pay for a ride.

Lyft

Lyft said those pricing changes would boost revenue per rider by next quarter. Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now. “We and Lyft are big-time competitors here and have been for some period of time, but for now we’re seeing, generally, category positions that are stable,” he told investors Thursday. “We are focused on improving profitability in this market.”...


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Markus Duesmann set to become next Audi CEO

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BMW's engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen's Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday. The Frankfurter Allgemeine Zeitung cited a person with knowledge of the appointment as saying Duesmann will start as Audi chief on April 1.

Continue reading Markus Duesmann set to become next Audi CEO

Markus Duesmann set to become next Audi CEO originally appeared on Autoblog on Sat, 14 Sep 2019 18:24:00 EDT. Please see our terms for use of feeds.

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The Mercedes Simplex Concept Is the Coolest Housewarming Gift You’ve Ever Seen

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Mercedes just gave itself one heck of a housewarming gift. The Vision Mercedes Simplex is a modern take on the classic Mercedes 35 PS (or 35 HP) as well as an excuse to let designers stretch their muscles and have some fun. We got up close to the Simplex concept at Mercedes’ new design center […]

The post The Mercedes Simplex Concept Is the Coolest Housewarming Gift You’ve Ever Seen appeared first on MotorTrend.

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